#Today's ETH

ETH current price: approximately $1,755

Direction bias: Slightly bullish oscillation (60%)

Short-term support: $1,730

Strong support: $1,680

First resistance: $1,780

Second resistance: $1,830

Core question today: Is this ETH rally truly backed by capital inflows, or just following BTC's rebound?

When I was monitoring the market tonight, I didn't first check how much ETH had risen.

I opened the ETH/BTC trading pair first.

Because at this level, whether ETH moves up or down a bit doesn't matter much. What I care about more is whether capital has started actively selecting ETH.

After looking at the order book, my feeling is—there's improvement, but not enough to get me excited.

Over the past few days, the ETH ETF finally ended its streak of continuous outflows and saw net inflows again. BlackRock's ETHA remains the main source of funds, indicating that institutional sentiment has at least not worsened further.

But during today's Asian session so far, ETH has been oscillating around $1,750. Every time it nears $1,780, active buying noticeably slows down.

That's why I haven't chased long positions today.

It's not because I'm bearish.

It's because the selling pressure above hasn't been truly absorbed.

The easiest mistake many people make today is thinking that just because ETF inflows have resumed, ETH is about to start a catch-up rally.

I, on the other hand, think the market is still being tested.

A true catch-up rally isn't about rising 3% in a day.

It's about ETH being able to move upward on its own when BTC is consolidating.

These two scenarios are very different.

There's also a subtle order book detail today.

When ETH rose, trading volume didn't significantly increase, meaning this rally is more driven by existing capital rather than fresh inflows.

So I won't change my entire trading plan just because the price has climbed above $1,750.

For tonight's European and US sessions, I'm leaning toward betting on one scenario.

If ETH can break through $1,780 with volume and hold above it for more than two hours, I'll consider that short-term capital is accepting higher prices, targeting around $1,830 next.

But if it fails to break $1,780 again tonight and falls back below $1,730, then I'll define this rally as a rebound, not a trend reversal.

Today's trading plan is simple.

If I have a position, I hold.

If I don't, I won't chase at resistance.

I'd rather wait for a confirmed breakout or a pullback to support.

Because truly profitable trades aren't made by buying at the lowest point.

They're made by buying when the market has proven you're likely on the right side.

A word from the trading room:

ETH is truly strong not when it's rising the fastest, but when it can keep moving forward while BTC is standing still.
$ETH