🔥 ETH this week has been wild! At the start of the month, it violently rebounded 10% to 1,800—then it was hammered three times in a row, and three bearish candles sent it straight back to around 1,740. The battle between bulls and bears is turning intensely hot!😤

On the technical side, although it has reclaimed the 20-day moving average (1,717), the 50-day moving average (1,801) is like a high-voltage line—touch it and it falls back. This level is crucial: if it holds steady above 1,800, the bearish structure will reverse, with a target of 2,400; if it fails, watch out for a pullback to the long-term make-or-break level at 1,580.
Fundamentals are a study in extremes! The epic “Glamsterdam” upgrade is set to go live within a few weeks, slashing gas fees by 78% and boosting TPS to 10k—this is absolutely the biggest catalyst this year, yet the market hasn’t really been trading it. Is it an opportunity or a trap? 🤔 On the other hand, the Ethereum Foundation’s core development team suddenly disbanded, and V神 moved away $1.6 million worth of ETH—sending shivers down people’s spines. Institutions are also going all-in in a frenzy: Bitmine just bought 20,000 ETH, ETFs have posted net inflows for four straight days, but the bears have opened $87 million in short positions. The whales are tearing into each other—so should retail follow someone?