ETH at $1,760? Double bottom confirmed?

First, look at the chart: brutal—but strangely suspicious.

From the August 2025 high of $4,950 to today’s $1,760, 65% is gone. Three consecutive quarters of decline—Q4, Q1, Q2, all green. In ETH’s history, it has never been this bad. ETF outflows keep coming, and Citigroup has cut its target price for ETH to $2,240; even under a bear-market scenario, it’s looking at $1,094. Social media is full of wailing—posts saying “ETH is going to zero” are everywhere.

But if you look closely at the weekly chart: the double bottom is forming.

That’s how the market works: when it drops to the point where everyone starts doubting themselves, the reversal quietly arrives.

First: the fundamentals are rock-solid, but the price is like rotten mud

DeFi TVL is $39.8 billion—still #1 across the entire chain

$150 billion in stablecoins running on top of it

31,000 developers, leading globally

Staking ratio at 26%, with 31 million ETH locked

These numbers are exactly the same as when ETH was at $4,950. The price has been cut in half—yet the fundamentals haven’t changed at all.

Second: weekly double bottom + trendline breakout—this is the technical setup worth betting on most in 2026

I’ve seen countless fake breakouts in crypto. But for this double bottom, I’m willing to take the bet.

January low at $1,700, July low at $1,700—both times it stopped falling at the same level

Weekly breakout of the downtrend trendline—classic reversal signal

ETH/BTC ratio at 0.028, a multi-year low—ETH is even cheaper than BTC. Historically, every time it reaches this level, it’s followed by a brutal, violent catch-up rally.

Of course, short-term risk is still there: $1,800 is the first hurdle, $2,000 the second, $2,200 the third. Every level has trapped positions waiting to be freed.

Third: Citigroup says ETH will fall to $1,094?

Citigroup cut its BTC target from $112,000 to $82,000, and lowered ETH from $3,175 to $2,240—under a bear scenario, it sees $1,094.

Sounds scary? But in 2023, Citi said BTC would fall to $10,000. What happened?

Institutions are always late to the game: in a bull market they call for even higher at the top, and in a bear market they call for even lower at the bottom.

Key levels

Resistance above: $1,800 (first checkpoint) → $2,000 (psychological level) → $2,200

Support below: $1,700 (double bottom low) → $1,650 → $1,500

Bull vs. bear—you decide

Bears say:

Three consecutive quarters of decline, a first in history

ETF outflows continue, institutions aren’t buying

Citi lowered its target, and the bear case could go to $1,094

The market’s sentiment is extremely pessimistic

Bulls say:

Weekly double bottom + trendline breakout

Gas fees are extremely low, with usage costs at historic lows

Whale holdings are rising, and validator exits are decreasing

ETH/BTC ratio at multi-year lows—historically, it’s always a sign of big rebounds

Short-term traders:

Go long in batches in the $1,700–$1,750 range, stop-loss at $1,680, target $1,800–$1,850. Add more above $1,800 and aim for $2,000.

Swing traders:

DCA below $1,750—add a tranche for every 5% drop, target $2,200–$2,800.

Long-term believers:

Hold ETH in the $1,700–$1,750 range. Looking back from 2027, it’ll be no different from the $300 level in 2020.

Risk-control iron rules:

Always keep 30% cash

No single trade should exceed 5% of total capital

Unconditional stop-loss if it breaks below $1,680—then wait to re-enter at $1,500

In a bull market, 95% of the time is waiting, and 5% of the time is when it rallies.

You made it through the drop from $4,900 to $1,700—yet you’re going to cut losses at $1,700?

Then the past six months were in vain.

ETH/BTC at a historic low of 0.028. The last time this number appeared, ETH went on to rise 4x.

The double bottom has already formed, and the trendline has already been broken.

Now the only thing left to do is wait for that explosive high-volume green candle. #gStocks代币化股票上线 #非农爆冷打压加息预期 $ETH $BTC #ETH突破1700 $SOL