$ETH Brothers, Ethereum just touched 1830 and was immediately knocked back by the bears, dropping after heavy volume to 1778—its 24-hour gain is basically wiped out! This move is a typical bull-trap to lure and wash out leverage; short-term longs got buried without warning.

Don’t be fooled by the fact that ETF net inflows ended the streak of consecutive declines—then the US government turned around and moved 4,036 ETH, which is basically a knife ready to be used to dump. On top of that, there are reports that an AI vulnerability may allow validators to go offline—so the short-term shakeout isn’t over yet.

Overall for now, it looks like a choppy range and washing session. Downside floor support is firmly set at 1770—this is the lifeline for the bulls. The upside ceiling resistance is around 1830; if you can’t break it, don’t fantasize about a reversal.

The above is purely my personal opinion, for reference only, and does not constitute investment advice. If you have different views, brothers are welcome to comment and exchange ideas.