ETH retraces to 1783—the last dip before the breakout

$ETH Today at 1783, down 0.11%, it fell from 1790 in the early session back to 1783, which is a normal pullback ahead of the attempt to push through 1800. The news is still the same story about a slip-up causing a loss of 2 million—this kind of news is ignored in a bull market, and amplified in a bear market. The market is currently choosing to ignore it, which shows sentiment has indeed recovered.

Technicals remain healthy: MA5 is at 1777, MA10 is at 1778. Both lines are underneath the price, while MA20 is at 1757, providing support below. Volume is 8.95k, with a transaction value of 138 million. Trading volume is clearly higher than the weekend, and buy-side orders are continuing to come in. 7D +10.59%, 30D +13.65%, 90D -20.36%, 6M -43.70%—short- and medium-term recovery is steadily progressing.

At 1783, it’s only 17 dollars away from 1800, which is a buildup of energy right before the final push. As long as it doesn’t break below the 1750-1760 support zone, the bulls are fine. ETH has risen from 1500 to 1783—up nearly 19%—and the trend is already very clear. The issue with 1800 is not whether it can be reached, but whether it’s reached today or tomorrow. A pullback is an opportunity—don’t get shaken out.