$1670 ETH, did you cut your losses?

First look at the surface: all indicators are telling you "ETH is done."

Down 26% in a month, down 43% since the beginning of the year, down 35% over the year. Market cap shrank from $280 billion to $200 billion, ETF net outflows continue, even BTC stays steady at 64k, but ETH is lying on the ground like a dead dog.

First thing: three quarters of losses, is it a real problem or a false signal?

ETH's first-ever three consecutive quarters of loss, sounds scary.

After the FTX crash in 2022, ETH dropped from 2000 to 880, also consecutive losses at that time. What happened next? It rose to 4000 in half a year.

Institutions use the word "loss" to scare retail investors into selling, then buy the dip themselves.

In the past month, addresses holding over 1000 ETH increased by 12%, whales accumulated over $200 million in the 1610-1650 region.

Second thing: ETF outflows are real, but you're ignoring a detail.

ETH ETFs are indeed net outflows, millions to tens of millions of dollars daily.

But BTC ETFs saw inflows of $85 million on a certain day.

Institutions are not abandoning crypto altogether, just temporarily reallocating to BTC for risk hedging. When market sentiment warms, funds will flow back from BTC to ETH—and because ETH's market cap is smaller, it’s more elastic.

Third thing: fundamentals haven't changed, what has changed is your confidence.

Staked 35-38 million ETH, accounting for 30% of total supply, network security is explosive.

DeFi TVL is between $64k and $60 billion, still an absolute leader.

Stablecoins with a market cap of $150 billion on the ETH chain, with huge daily transaction volume.

Pectra upgrade ongoing, smart account experience being optimized.

ETH is still the same ETH; price dropped from 4000 to 1600, but network activity is even higher.

Bull-bear showdown, you decide.

One side:

Whales continuously accumulate at 1610-1650, over $200 million in pending orders.

Strong staking demand, 30% of supply locked.

Fundamentals are intact, developer count still number one.

1610 is a six-year major support zone, a historic support level.

Once held, target 1800-2000-2200.

Other side:

Three consecutive quarters of losses, extremely negative sentiment.

ETF continues to see net outflows, institutions short-term are not buying.

Inflation at 4.2%, Fed not cutting rates, risk assets under pressure.

If it breaks below 1610, it could go to 1500 or even 1400.

Key level: 1674, just 64 dollars away from the critical 1610 line.

Resistance above: 1736 → 1770 → 1844 → 2000

Support below: 1610-1625 (iron bottom) → 1543 → 1500

Short-term traders:

Wait for pullback to 1610-1650 to buy in batches, stop-loss at 1580. First target 1730-1750, take 30% profit, break 1736 to add positions towards 1800-1850.

Swing traders:

Those already in hold steady, stop-loss at 1580. Those not in yet, 1610-1650 is your last safe zone. First target 2000, second target 2200. Don’t get shaken out by manipulation.

Long-term believers:

Invest blindly below 1650. ETH dropped from 4000 to 1600, a 60% decline, but the network is three times stronger than in 2021. Target 3000-5000 by 2027, betting on Pectra upgrade + institutional adoption + RWA explosion.

ETH now is like $880 in 2022—

99% of people thought "ETH is going to zero," but six months later it hit 4000.

It’s not that ETH is not capable, it’s that you can’t hold on. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #Marvell大涨超11%领涨芯片板块 $BTC $ETH $SOL