ETH worth $1,770—are you going to chase it?

First, look at the surface: good news is coming in, but 1800 is still a ceiling.

In the past month it’s up 6%, rebounding from a 1500 bottom. Market cap remains firmly second, with 24-hour trading volume expanding. The K-line tells you this: at 1800-1810, ETH has slammed into the wall four times already. EMA lines are sticking together, RSI is neutral, and MACD is dulled—1800 is the line between life and death. Break above it and the sky opens up; if it can’t, you’ll likely return to 1500.

First thing: the ETF finally starts seeing inflows—but why isn’t the price rising?

U.S. spot ETH ETFs ended eight straight weeks of net outflows, and recently recorded about $84.42 million in net inflows. Institutions are back. On-chain data is even harsher—whales are moving ETH into cold wallets, a classic accumulation signal.

Sounds bullish, right? But look at the chart—ETH didn’t rise; instead, it got smashed down again from 1810 to 1770.

Second thing: the ETH/BTC ratio has broken out—this is a signal you must take seriously.

The ETH/BTC ratio is around 0.0285, already breaking out of an 11-month descending channel.

Over the past year, ETH has consistently lagged BTC, and every rebound gets pushed back down.

Now this suppression has been broken, and ETH is starting to strengthen relative to BTC.

The last time ETH/BTC broke out of the descending channel was before the 2021 bull market kicked off.

This could be one of the most important signals for 2026. When ETH outperforms BTC, the altcoin season won’t be far behind.

Third thing: technicals are at a “no progress is退步” position.

Since rebounding from 1500, ETH has been forming “higher lows”—a bullish structure. But higher lows require higher highs to confirm. If the 1800 breakout fails for the fourth time, this structure will collapse and long-side confidence will also crack.

Trading volume is shrinking near 1800, showing the buying isn’t strong enough. Any breakout needs volume—breakouts without volume are all bait.

Bull vs bear—judge for yourself.

On one side:

ETF stops the 8-week outflow, institutions start buying again
Whales move ETH into cold wallets, with clear accumulation signals
ETH/BTC breaks the 11-month descending channel, confirming relative strength
Higher-low structure formed from the 1500 rebound, technicals lean bullish
Fundamentals are solid, with expectations for the Pectra upgrade still in play

On the other side:

1800-1810 can’t break through four times, with heavy psychological pressure
High interest-rate environment of 3.5%-3.75%, weighing on risk assets
Leveraged funds dominate the market, while real spot buying is insufficient
If the Fed releases hawkish signals, ETH could instantly drop back to 1500

Key levels

Resistance: 1800-1810 (the bulls’ life-or-death line) → Breakout targets 2000-2050 → 2300
Support: 1730 → 1680 → 1600-1500 (final line of defense)

For short-term traders:

Wait for a pullback into 1720-1750. After volume-supported stabilization, try a small long position. Stop-loss at 1680. First target 1850-1900. If it breaks 1820, add to the position, target 2000+.

For swing traders:

Wait for the daily close to hold above 1810, then get in. Use a moving take-profit to stay in. Target 2500-3000. Getting in now is betting on a breakout—win rate 50%, risk-reward 1:3. You can try, but keep the position light.

For long-term believers:

Below 1700, place DCA orders in batches with eyes closed. Target 2500-3000 by end of 2026. The prerequisite is that you can withstand the volatility of potentially revisiting 1500 again.

ETH right now is like BTC in 2024—

The ETF has passed, institutions are buying, whales are hoarding—but the price just won’t go up. Everyone screams “trash ETH,” and then a few months later, those who sold at a loss at 1500 end up slapping their own thighs.

The only difference is: BTC broke the previous high back then, while ETH is still stuck fighting over 1800.

It’s not that Ethereum is bad—it’s that you keep chasing at 1800, then cut losses at 1500—buying perfectly at the top and selling perfectly at the bottom. #PreIPOs第二期OpenAI认购 #LAB两日腰斩53% #伊朗宣布关闭霍尔木兹海峡 $BTC $ETH $SOL