1737 US dollars for $ETH —are you still holding on?

BTC is still ranging around $60,000, while ETH is almost back to 1,600. The Ethereum Foundation’s restructuring, Vitalik cutting the budget, and upgrade delays—everyone is cursing that “Ethereum is done.” But every time things look most hopeless, the bottom quietly appears.
First: Vitalik cuts the budget—did you think it was a bad sign?
In early July, the Ethereum Foundation reorganized, and Vitalik announced they would cut the Foundation’s budget by about 40%.
The market’s first reaction was—“The Foundation has no money? The project is going to die?”
Vitalik isn’t running away; he thinks the Foundation is too bloated and inefficient. He’s pushing the “Lean Ethereum” roadmap—leaner, focused, more efficient.
Look at the tech roadmap he drew out to 2029: recursive STARK proofs, quantum-resistant signatures, a big reduction in gas fees, and privacy-first.
This is a technical moat stretching for 5 years.
Second: The upgrade delay—history tells me this is good news.
The Glammsterdam upgrade was pushed from the first half to Q3 (end of August).
Retail investors hear “delay” and panic.
But old-timers know one pattern: when upgrades are delayed, bull markets shift later—and the upside can be bigger.
2020 Beacon Chain delayed → 2021 bull run hit $5,000
2023 Shanghai upgrade delayed → 2024 spot ETF approvals → surged to $4,000
2026 Glammsterdam delayed → ?
Third: Don’t let the short-term price blind you.
TVL is $39 billion—no-chain has a larger ecosystem, period.
Staking locked up is over 30% of the supply, getting extremely close to historical peaks.
EIP-1559 continues to burn, pushing supply toward contraction.
Across the whole industry, 74% of monthly active developers are in the Ethereum ecosystem—this is a talent “gravity well.”
RWA tokenization leading, and institutional adoption is accelerating.
Price is down 40%—has the fundamentals collapsed?
No.
TVL hasn’t broken down, developers haven’t left, staking hasn’t pulled out, and L2 is still expanding.
Resistance above: 1800—break through and you may see 1900–2000.
Support below: 1650–1660 → 1565 → 1500–1520.
For those stuck in spot positions:
Don’t panic-sell. You went from $4,000 down to $1,737—the most painful stage has already passed. Selling now is like the ETH investors who cut at $1,500 in 2022—only to watch it rise to $4,000 later.
For those wanting to buy the dip:
Build in batches at 1650–1700. Set a stop-loss at 1560. The first target is 1800; if it breaks through, look for 2000+.
Don’t go all-in at once—enter in 3 tranches.
For long-term DCA holders:
Right now is the value range. Buy once every time it drops $50, and hold until Glammsterdam is in place.
Looking back in 2027, $1,737 will be the gold.
#GUSDYieldRisesto3.8%