ETH worth $1,886—are you still stubbornly holding on? First, look at the surface: upwards it can’t go, downwards it can’t go. ETH has been swinging in the 1,850-1,900 range for a week. Today it touched a high of 1,910, with $10 billion in trading volume. The K-line tells you: if it holds above 1,900, you can look for 2,000; if it breaks below 1,850, it has to return to 1,730. The direction needs to be chosen—don’t gamble. First thing: the ETF has been buying continuously, but you might already be numb. In mid-to-late July, spot ETH ETFs saw consecutive net inflows. BlackRock’s ETHA led the way, with cumulative net inflows of over $11 billion. Sounds bullish, right? But look at the chart—ETH just won’t rise. The same script happened in 2024 when BTC ETFs kept buying continuously: BTC surged from 40k to 70k. Now, after one month of ETH ETF buying, the price is still hovering around 1,900. Second thing: institutions are fighting, retail is getting beaten. Arthur Hayes keeps buying ETH—this guy’s calls are always right; last time he called BTC from 20k to 70k. Galaxy Digital OTC swept up 27k ETH—this is real, cash-in-hand institutional accumulation. But on the other side—some whale opened a $67 million short on Hyperliquid. One side is a hard-headed long heavyweight, the other is a massive short position waiting to be sprung. Both are smart money, but eventually one side has to get liquidated. Third thing: here’s a truth that really stings. ETH has fallen from the 2025 high of 4,950 to now, a drop of more than 50%. Year-to-date it’s down 36%; over one year it’s down 47%. But these numbers—judge them yourself: DeFi TVL: $41.3 billion, up 9% in January Daily active addresses: 560k, at an all-time high Gas fees: $0.1-$0.2, so cheap you can ignore it Exchange reserves: the lowest in years—all withdrawn Staked ETH ratio: an all-time high The price is down by half, and on-chain data is all at new highs. Long vs short—see for yourself: The longs say: ETF net inflows have been continuous; institutions are accumulating Big whale buying through OTC On-chain data is at new highs across the board; fundamentals are extremely healthy After breaking 1,900, the target is 2,000-2,200 Exchange reserves are low; supply is scarce The shorts say: Macro rates at 3.5%-3.75%, rate-cut expectations cooling off Sticky inflation; PCE core at 3.4% A $67 million short from the whale stands ready Weekly chart still in a descending channel 1,900 failed to break through three times Key levels Resistance above: 1,900-1,950 → 2,000-2,060 → 2,100 Support below: 1,850-1,820 → 1,780 → 1,730 (if it breaks, then look at 1,600-1,450) For short-term traders: Wait for a pullback to 1,850-1,870 to stabilize, go long with a light position, stop-loss at 1,810, target 1,920-1,950. If it rebounds with volume and holds above 1,950, chase long to 2,000-2,060. If it breaks below 1,820 and does so with volume, flip short, target 1,780-1,730. For swing players: Build positions in batches from 1,800-1,850, stop-loss at 1,700, target 2,200-2,500. For long-term believers: DCA with eyes closed below 1,900. Exchange reserves are at a historic low, ETFs are continuously accumulating, DeFi TVL is at a new high—fundamentals haven’t broken; what’s breaking is your conviction. The 2027 target is 3,000-4,000—betting on the rate-cut cycle plus explosive institutional adoption. ETH now is like BTC at the end of 2022— Everyone’s cursing it as “trash,” saying it has “no hope,” and that it will “go to zero.” In the end, in 2023 it rose from 16k to 70k. $BTC $ETH $SOL

The trend was already clear this morning, and it’s following the script. It has already moved beyond about twenty points of space, and I will continue to hold, looking toward the target area$BTC $ETH $SOL

After early to mid-day trading: BTC long/short ideas, and the SOL short order has already perfectly validated the idea on the chart It’s still buy the dip and go long for low entry, then short at resistance. The strategy shared in the morning for BTC was to go long around 65,000, take profit at 65,500–66,200. The pullback high was 65,700+, with profit targets at 700+. At this point, it met resistance, which matches the short-at-resistance strategy for 65,500–65,800. Current price is around 65,000, with a slight pullback. There’s also room for profit of 700+. By the afternoon session, profit space is 1,500+. For SOL’s long-side idea: take profit around 76.5. It is also closely tied to BTC’s resistance short. Again around 76.5, take profit at 75.5. This level has already been reached—SOL’s short order has arrived at the take-profit position, #Gate事件合约首发狂欢 $BTC ‌$SOL ‌