$1800 ETH—are you panicking or being greedy?

First look at the surface: there’s a pile of bad news, but the price doesn’t fall—it’s rising instead.

In the past 7 days, ETH is up 7.52%, rebounding all the way from around $1660 to $1800. 24-hour trading volume surged from 25 billion to 51.8 billion, more than doubling. The candlestick chart tells you this: the bottom at $1660 has been confirmed, and $1800 is turning from a resistance level into a support level.

The market is voting with its feet: money is moving from BTC into ETH.

First thing: ETF data reveals a shocking signal

On June 16, Bitcoin spot ETF net outflows were $64.09 million, while Ethereum spot ETF net inflows were $22.5 million. BlackRock’s ETHA led with $17.62 million, and—on that day—no ETH ETF saw net outflows of funds.

Institutions are doing one thing: selling BTC and buying ETH.

Second thing: there is an institution “buying up Ethereum”

Bitmine Immersion Technologies, led by Tom Lee, increased its holdings by another 76,881 ETH last week.

Currently, the company’s total holdings are 5,620,754 ETH, accounting for 4.66% of Ethereum’s total supply, and it has staked 4,718,677 of those. At a cost of $1,718, staking alone yields roughly $219 million per year in returns.

Third thing: on-chain data is calling out “the bull market is back”

Ethereum’s daily active addresses surpassed 1.3 million, setting a new all-time high—there were only 720k in 2018, and just 800k in 2021.

ETH balances on exchanges hit a historic low—only 14.5 million remain.

Over 30% of all ETH has been staked, structurally removed from circulation.

Fourth thing: the bad news is exhausted, and the market is numb

The Ethereum Foundation sold another 5,000 ETH. The Glamsterdam upgrade was pushed back from June to Q3.

With the same type of news, a month ago could have knocked the price down by 5%. Now what? ETH bounced from $1660 to $1800.

What does “the bad news is exhausted” mean? It means the bad news comes in, but the price doesn’t drop anymore.

The battle between bulls and bears—judge for yourself

On one side:

Net inflows into ETH ETFs, net outflows from BTC ETFs—funds are rotating

Bitmine holds 5.62 million ETH, targeting 5% of supply

1.3 million daily active addresses, hitting a record high

Exchange balances at their lowest in history, supply shrinking

24-hour trading volume doubling—real money is stepping in

On the other side:

The Foundation is still selling coins (but the market is ignoring it)

Glamsterdam delayed to Q3 (no near-term catalysts)

On macro: the FOMC meeting is coming up, interest rates are at a high level

ETH is still down 38% YTD

Key level at $1800—only one catalyst away from ignition

Resistance above: 1842 → 1885 → 2000-2100

Support below: 1757 (Fib 0.618) → 1700-1720 (a solid “iron bottom”)

For short-term traders:

Buy in batches at 1750-1770, cut losses at 1700, and take the first half of profits at 1842. After a breakout above 1885, chase longs with a stop loss at 1820, targeting 2000-2100.

For swing traders:

Wait for the daily close to hold above 1850 before entering, target 2200-2500. Standard Chartered maintains an ETH year-end target price of $4,000—looking back now, current levels are basically the floor.

For long-term believers:

DCA with your eyes closed below 1700. The ETH/BTC ratio is low, institutions are rebalancing, on-chain data is exploding, and the Glamsterdam upgrade is only delayed—not canceled.

The bull market isn’t without bad news, but when the bad news comes, the price doesn’t drop anymore. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #Gate现货交易量逆势增长增幅全球第一 $BTC $ETH $SOL