$1745 ETH, can you hold it?

First look at the market: painful, but not as painful anymore.

Fallen from over 1900 to 1745, ETH has dropped nearly 10%. But in the past week, it rebounded 7.9%—hardly bouncing back from the low of 1720. BTC is sideways at 64k, ETH/BTC rate is so weak it’s heartbreaking, but the absolute price has held the 1700 line.

You say it’s weak? It definitely is. But you say it’s going to collapse? It’s repeatedly struggling above 1720, refusing to break.

First thing: the Fed is about to raise interest rates again, but the market might already be "numb."

Let’s start with the bad news, the main suppressor:

New Chair Kevin Warsh’s first meeting was hawkish—keeping rates steady at 3.5%-3.75%, with the dot plot showing multiple officials expect at least one rate hike this year. CPI is still at 4.2%, inflation stubborn as a rock.

But ETH has fallen from 1900 to 1700, already pricing in "no rate hike + possible hike." Price dropped from 3600 to 1700, over 50% decline, how much more do you expect it to fall?

Second thing: Glamsterdam upgrade is coming, it’s Ethereum’s "engine swap" moment.

Glamsterdam upgrade enters final testnet phase, mainnet launch in H2 2026. What are the core features?

L1 TPS increased to over 10,000 (currently only a few dozen)

Gas fees reduced by about 78%

Separation of proposer-builder (PBS), solving MEV’s biggest problem

Every major Ethereum upgrade is a trigger for explosive price movement.

Third thing: technical analysis tells you—1700 is a critical support, bulls are fighting for their lives.

4-hour chart shows a symmetrical triangle consolidation, with bulls and bears repeatedly tugging within this range.

Price tested the green demand zone at 1720-1735 multiple times without breaking, and higher lows and higher highs are forming—classic "bulls gathering strength" signal.

Watch the battle between bulls and bears.

One side:

Weekly rebound of 7.9%, bulls strongly defending 1720-1735

Glamsterdam upgrade in final testnet, L1 TPS up to 10,000+, fees down 78%

BlackRock and other institutions small ETF inflows

On-chain activity hitting Q1 records, TVL high, fundamentals very healthy

Arthur Hayes and other well-known figures are buying

The other side:

Fed expected to hike at least once this year, liquidity tightening

CPI stubborn at 4.2%, no rate cut expected

ETH/BTC rate remains weak

Monthly down 18%, YTD down 41%, medium-term trend bearish

Key level: 1745, just 45 dollars from the critical 1700 line

Key levels:

Support: 1720-1735 → 1700 → 1650-1600

Resistance: 1750-1780 → 1845-1900 → 1975-2000

MACD previously showed a bullish crossover, though volume isn’t enough yet, but the direction is upward.

Short-term traders:

Light long positions near 1720-1735 support, stop-loss at 1710-1700.

First target 1780-1850, break above then look to 1900+.

If volume breaks through 1780-1800, add to long positions.

Mid-term players:

Build positions in the 1700-1600 zone in 3-5 batches, total position size controlled at 10-20%.

Buy signals: hold above 1780-1800 + volume increase + ETF inflows continue.

Target: 2500-3000+ (Glamsterdam landing + macro improvement expectations).

Take profits in stages: 20% at 1800, 30% at 2000, 30% at 2500, keep some for bigger gains.

Risk management:

No single trade over 5% of total funds

Strict stop-loss, never trade with high leverage naked

Watch: inflation data, ETF weekly inflows

Bitcoin is "digital gold," Ethereum is "digital oil"—the global economy can do without gold, but not without oil.

DeFi uses ETH, stablecoins use ETH, RWA uses ETH, L2 runs entirely on ETH.

Millions of dollars in network fees burn every day—real money in flames.

ETH at $1745 and ETH at $3600 are fundamentally the same.

Only market sentiment and your own fears change.

Now is not the time to "go all in," but to "wait patiently for clear signals."

1700-1750 is a watershed—hold the line, rebound is possible; break below, and there’s #我的Gate交易时刻 a golden pit below.