$1,737 ETH, are you still holding?

BTC is still consolidating at 60k, while ETH has nearly dropped back to 1,600. The foundation is restructuring, Vitalik is cutting the budget, and the upgrade is delayed—everyone is cursing that "Ethereum is done." But every time despair is deepest, the bottom quietly appears.

First thing: Vitalik cuts the budget, and you think it's bearish?

In early July, the Ethereum Foundation restructured, and Vitalik announced a roughly 40% cut to the foundation's budget.

As soon as the news broke, the market's first reaction was—"The foundation is out of money? Is the project going under?"

Vitalik is not running away; he thinks the foundation is too bloated and inefficient. He is pushing a "Lean Ethereum" roadmap—slim down, focus, be efficient.

Look at his technical roadmap extending to 2029: recursive STARK proofs, quantum-resistant signatures, significantly lower gas fees, and privacy-first.

This is a five-year-long technological moat.

Second thing: The upgrade is delayed, and historical patterns tell me this is good

The Glamsterdam upgrade has been postponed from the first half to Q3 (late August).

Retail investors panic the moment they hear "delay."

But veteran investors know a pattern: when upgrades are delayed, the bull run is pushed back, and the gains are larger.

2020 beacon chain delay → 2021 bull market at $5,000

2023 Shanghai upgrade delay → 2024 spot ETF approval, surge to $4,000

2026 Glamsterdam delay → ?

Third thing: Don't let short-term prices blind you

TVL at $39 billion, the largest ecosystem across all chains—no contest

Staking lock-up exceeds 30% of supply, near all-time highs

EIP-1559 continuous burning, supply trending deflationary

74% of monthly active developers industry-wide are in the Ethereum ecosystem—that's the talent siphon effect

RWA tokenization share leading, institutional adoption accelerating

Price down 40%, but have fundamentals declined?

No.

TVL hasn't collapsed, developers haven't left, staking hasn't withdrawn, and L2 is still expanding.

Current price: $1,737

Resistance above: 1,800 (strong resistance, double-top supply zone), break above targets 1,900-2,000

Support below: 1,650-1,660 → 1,565 (liquidity pool) → 1,500-1,520 (strongest demand zone)

If you're stuck holding spot:

Don't cut losses. You've held from 4,000 down to 1,737—the most painful stage is already behind you. Cutting now is like those who cut ETH at $1,500 in 2022—they later watched it hit $4,000 and regretted it deeply.

If you want to buy the dip:

Scale in at 1,650-1,700 in batches, stop loss at 1,560. First target 1,800, if broken look at 2,000+. Don't go all in at once—enter in three batches.

If you're doing long-term DCA:

This is the value zone right now. Buy every $50 drop until Glamsterdam goes live. Looking back in 2027, $1,737 will seem like gold.

Cursing ETH now is no different from those who called BTC "digital garbage" when it fell to $16,000 in November 2022.

What happened next?

Bull runs don't exist without pullbacks—it's just that every pullback makes you think "this time is different."

By the time you think "this time is the same," the rally has already started.

Ethereum is still Ethereum. TVL is still there, developers are still there, and Vitalik is still planning for 2029.

$1,737 is not the end—it's an invitation to get on board.#GUSD年化升至3.8% #美终止对伊朗石油制裁豁免 #SpaceX静默期结束 $BTC $ETH $SOL