The $ETH at $1760, is the double bottom in?

First, look at the market: it’s awful, but suspiciously awful.
From the August 2025 high of 4950 to today’s 1760, 65% is gone. Three straight quarters of decline — Q4, Q1, Q2 — all red. ETH has never been this bad in history. ETF outflows continue, Citi cut its target price to 2240, and in a bearish scenario it even sees 1094. Social media is full of wails, with “ETH is going to zero” posts everywhere.
But if you look closely at the weekly chart: the double bottom is in.
That’s how the market works — when it falls to the point where everyone starts doubting reality, the reversal quietly arrives.
First thing: the fundamentals are as hard as a rock, but the price is like a pile of mud
DeFi TVL at $39.8 billion, still the number one across all chains
$150 billion in stablecoins running on it
31,000 developers, leading globally
Staking rate 26%, 31 million coins locked up
These numbers are exactly the same as when the price was 4950. The price has been cut in half, but the fundamentals have not changed at all.
Second thing: weekly double bottom + trendline breakout, the technical setup worth betting on in 2026
I’ve seen countless fake breakouts in crypto. But this double bottom, I’m willing to take a bet on it.
January low at 1700, July low at 1700, the same level holding twice
Weekly breakout above the descending trendline, a classic reversal signal
ETH/BTC ratio at 0.028, a multi-year low — ETH is cheaper than BTC, and historically every time it gets to this level, a violent catch-up rally follows
Of course, there are still short-term risks: 1800 is the first hurdle, 2000 the second, and 2200 the third. Each level has trapped holders waiting to get out.
Third thing: Citi says ETH could fall to 1094?
Citi cut BTC’s target from 112,000 to 82,000, ETH from 3175 to 2240, and in a bearish scenario sees 1094.
Sounds scary? But Citi was saying in 2023 that BTC would fall to 10,000 — and what happened?
Institutions are always behind the curve: they call for higher prices at bull-market tops, and lower prices at bear-market bottoms.
Key levels
Resistance above: 1800 (first hurdle) → 2000 → 2200
Support below: 1700 (double-bottom low) → 1650 → 1500
For short-term traders:
Scale in longs in the 1700-1750 range, stop loss at 1680, target 1800-1850. Add to the position if 1800 breaks, aiming for 2000.
For swing traders:
DCA in batches below 1750, add one tranche every 5% drop, target 2200-2800.
For long-term believers:
Hold ETH bought at 1700-1750. Looking back in 2027, this will be no different from buying at 300 in 2020.
Risk management rules:
Always keep 30% cash
No single position over 5% of total capital
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