ETH at $1,570—what are you waiting for?

On the eve of the Glamsterdam upgrade, ETFs have seen continuous outflows. Just as July started, the price slid from $1,600 to $1,570.

ETH is down 47% from the beginning of the year. And from its peak of $4,946 in August 2025, it has fallen a full 68%.

A $100k house now worth only $32k—are you selling it or not?

First thing: The bad news you see—whales see it all as discounts.

Last week, Bitmine bought 27,084 ETH at an average price of $1,550. Big-risk-investment whales moved in at the same time. Spark injected $150 million in stablecoin liquidity into Uniswap v4, and the Aave network is growing.

Tom Lee put it plainly: the recent drop is mainly “window dressing” at the end of Q2—not deterioration in fundamentals.

Meaning: fund managers dump risk assets before the quarter ends to make the reports look good, then rebuild positions once Q3 starts.

Second thing: Glamsterdam’s upgrade—this could be the biggest expectation gap this year.

Many people don’t even know about this— in the second half of 2026, Ethereum will see its first major base-layer throughput upgrade since the Merge.

Lower L2 fees again, and the adoption threshold for institutions drops significantly.

This isn’t minor patchwork. This is a key step for Ethereum to turn from a “congested highway” into an “eight-lane road.”

Third thing: what is the technical picture telling you?

Weekly chart: from $4,946 to around $1,500—down 68% in total. Historically, every time Ethereum has seen a 70%+ drawdown, it has corresponded to a stage bottom.

Daily chart: $1,520–$1,550 is a strong demand zone. Over the past few months, it has bounced there multiple times. Now the price is at $1,570, only $20–$50 away from the support zone.

Resistance above: $1,600–$1,690 (break above this range and shorts surrender)

Support below: $1,520–$1,500 (below $1,480, longs are dead)

One-sentence summary: this is the last line of defense for the bulls—and the exact level the shorts most want to punch through.

Longs vs. shorts logic—judge for yourself.

**Bulls say:**

Whales are accumulating heavily at $1,550.

The Glamsterdam upgrade is the biggest upgrade since the Merge.

DeFi TVL, stablecoin usage, and RWA usage are all growing.

Historical pattern: the 3 months before an upgrade are the best buying window.

From $4,946 to $1,570—a 68% drop—how much lower can it go?

**Bears say:**

ETF outflows keep going, and institutions are trimming positions.

Macro is a headwind; the Fed may not cut rates all year.

The ETH/BTC ratio hits a new low, with capital concentrating into BTC.

$1,570 isn’t even at $1,500 yet—there may still be another leg down.

If you’re already holding and underwater:

Don’t cut. You didn’t cut at $4,000. You didn’t cut at $2,000. So why cut at $1,570 now?

If you really want to cut, wait for a bounce to $1,700–$1,800 before considering trimming. Cutting now is just sending bloody chips to the whales.

If you’re sitting on empty and want to bottom-fish:

Buy in batches in the $1,520–$1,550 range, set a stop loss at $1,480, target $1,700–$1,800, and then look as far as $2,000+.

Keep position size to 20–30% of total capital—don’t go all-in at once.

For long-term believers:

From $1,500 to $1,600—close your eyes and DCA. Hold for half a year to a year, waiting for the Glamsterdam upgrade to be realized. Target $3,000–$5,000.

When BTC went from $15,000 to $73,000, you didn’t buy.

When ETH went from $880 to $4,946, you also didn’t buy.

Now it has fallen back to $1,570, and you still don’t dare to buy.

The reason you can’t make money isn’t that the market is bad—it’s that you always believe it will keep going up when it’s up, and keep going down when it’s down.

ETH at $1,570 is like $300 in 2020, or $1,500 in 2023.

Back then, how many times did people who didn’t dare to buy end up slapping their thighs?#Gate完成141只股票股息派发 #Strategy拟回购股票 #预测世界杯英格兰VS刚果 $BTC $ETH $SOL