Is $1755 ETH still manageable for you?

First, look at the market: painful, but something seems off.

In the past 24 hours, it’s down 1.5%, with a trading volume of $12 billion, dropping on high volume. Last week, it surged to 1900, now fluctuating between 1750-1850. Up three days, not enough for one day of decline.

It’s down 15.7% over 30 days, from 2000 to 1755, with a single ETH contract losing $250. Someone in the group is again shouting "ETH will go to zero."

First thing: ETF funds are starting to "rebellion"

Spot ETH ETFs are showing signs of inflow.

You heard right, BTC ETFs are continuously flowing out, while ETH ETFs are quietly attracting funds. What are institutions doing? Selling BTC, swapping for ETH.

Bitmin is continuously buying ETH in large amounts, as aggressively as MicroStrategy buying BTC, accumulating millions of dollars worth. Whale addresses are also accumulating at low levels.

Second thing: Glamsterdam is here, the biggest upgrade since the Merge in 2022

ETH’s biggest upgrade, Glamsterdam, has entered the final testnet phase.

Significantly improved scalability

Lower fees

Faster and cheaper L2 ecosystem

Historically, every major ETH upgrade has followed a pattern: "Adjustments before the announcement, rally after implementation." Before the Merge, ETH dropped from 1500 to 880—how many people sold at the bottom? Then it skyrocketed past 2000.

Third thing: fundamentals are terrifyingly strong, but the price looks like trash

DeFi TVL accounts for 63-68% of the entire market, with 39-70 billion USD locked on ETH

37.9 million ETH staked, accounting for 30% of total supply

Over 1.06 million validators, staking yields stable at 3.5-4.2%

Exchange ETH reserves are at multi-year lows, long-term holders continue to accumulate

30% of the supply is locked up. Where else can it fall?

Bull-bear showdown, see for yourself

On one side:

ETH ETFs are inflowing, funds rotating from BTC

Institutions like Bitmine are buying at lows

Glamsterdam upgrade entering final testing, a historic catalyst

30% of supply staked and locked, exchange reserves at multi-year lows

On the other side:

In the past 24 hours, down 1.5%, falling from 1900

CPI at 4.2%, high interest rate environment suppresses risk assets

Technically, if 1750 doesn’t hold, it could go to 1600

Mid-term moving averages (MA50/200) are still above

Key level 1755, the line of life and death is in sight

Strong support: 1750-1770 (last defense for bulls, break below means game over)

Secondary support: 1610-1625 (if it falls here, blood everywhere)

Resistance: 1845-1865 (first wall), 1975-2000 (psychological barrier)

If 1750 breaks, look for 1600 below.

If 1750 holds, step by step, it can recover to 1850, 1900, 2000.

Short-term traders:

Try long positions near 1750-1770 with light positions, stop-loss below 1730. First target 1850-1900, second target 1975-2000.

If 1750 is lost, reverse to short or wait and see, target 1650-1600.

Mid-term players:

Core strategy: buy on dips (DCA).

The 1750-1700 range is a prime accumulation zone. Buy every 5% dip, keep total position at 30-50%. After Glamsterdam lands + macro shift, target 2000-2500.

Long-term believers:

ETH has a pattern before every major upgrade: "Adjustments before news release → rally after landing."

Currently, it’s significantly below the 200-week moving average. Historically, similar levels have been high-profit zones for mid- to long-term.

ETH is still ETH; what’s changing is your fear.

Newbies watch the price, whales watch the code.

Glamsterdam upgrade is not a meme; it’s a real technological leap. 30% of ETH is staked and locked, not for speculation but for network development.

Right now, you call it trash, while institutions are quietly building positions. #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