$1760 ETH, did you cut your losses?

First look at the surface: bearish news bombarding, but the price doesn’t fall; it rises instead.

In the past 24 hours, up 2.65%, over 7 days, up 1.46%, outperforming BTC. Strong rebound from the demand zone at 1670-1690, regaining the upward trend line, breaking through the Ichimoku cloud. The candlestick shows: a symmetrical triangle has broken upward, volume has increased, and buying pressure is defending higher lows—

First thing: the foundation people have left, but the money hasn't run.

Hsiao-Wei Wang has resigned, and former contributors are shouting “core development funds exhausted within 9 months.”

Sounds like doomsday? But look at the market—ETH didn’t fall, it rose.

Foundation staff can leave, but Ethereum’s code and ecosystem cannot.

Who is buying?

Bitmine—a listed company—has recently bought 125k ETH in a row, worth hundreds of millions of dollars. Tom Lee personally said, “The listed company is running Ethereum.”

Second thing: ETH/BTC rebounded, which is a major signal.

Over the past month, ETH has been crushed by BTC. But today, ETH/BTC exchange rate has slightly rebounded.

This means funds are starting to flow back from BTC into ETH.

Every time a “DeFi season” starts, this signal appears. It was the case in 2021, and it’s the same in 2024.

Morgan Stanley submitted a revision for ETH/SOL ETF, with the lowest fee rate in the market. Glamsterdam upgrades continue, gas fees optimized, L2 transaction volume has surpassed the mainnet.

Third thing: a technical breakout that must be taken seriously.

Daily/4H levels:

Strong rebound from the demand zone at 1670-1690

Breakout upward from a symmetrical triangle consolidation

Stepped above the Ichimoku cloud, slight rejection near 1731, then continued upward

Bull-bear duel, see for yourself

One side:

Bitmine and other listed companies are buying 125k ETH with real money

Morgan Stanley submitted the lowest fee ETF revision

Technical breakout of the symmetrical triangle, breaking above the key trend line

ETH/BTC rebound, funds starting to flow back

Glamsterdam upgrades ongoing, L2 fee optimization

The other side:

EF executives leaving, FUD about core development funds

Taiko bridge hacked ($1.7 million) + MEV bot attacked in reverse

One month still down 15%, mid-term trend not fully bullish

June 25 PCE data may be hot, suppressing risk assets

Key levels:

Support: 1750-1770 → 1670-1690 (strong demand zone)

Resistance: 1845-1865 → 1975-2000 (psychological + historical)

If today’s daily close stays above 1750, the mid-term reversal probability greatly increases.

Short-term traders:

Buy in batches in the 1700-1720 range, stop loss at 1640. First target 1845-1865, second target 1975-2000. Add positions if above 1780.

Swing traders:

Wait for the daily close above 1780 to confirm breakout, target 2000+. Stop loss below 1670.

Long-term believers:

Around 1700 is the golden pit. DCA regularly, don’t look at the K-line. Target 2500-3000 in the second half of 2026, betting on institutional allocation trends + Glamsterdam dividends.

Risk warning:

June 25 PCE data is the biggest variable. Softer data → direct surge past 1850+; hotter data → possible retest of 1670. That could be a better entry point.

ETH now is like Bitcoin in 2023—

Everyone thought “fundamentals are bad,” but institutions quietly accumulated, and eventually it rose from 20k to 70k.

Every low point caused by bearish news is smart money buying in, dumb money cutting losses.

This 1750 level isn’t meant to scare you.

It’s to remind you: March 2020, ETH crashed from 300 to 90, and everyone said “Ethereum is #我的Gate交易时刻 going to zero”—and then?