ETH Retraces to 1783, the Last Squat Before the Breakout

$ETH Today at 1783, down 0.11%, falling from the morning's 1790 to 1783, a normal retracement before hitting 1800. The news is still about the slip-up losing 2 million USD — such news is ignored in a bull market and amplified in a bear market. The market choosing to ignore it now indicates that sentiment is indeed warming up.

The technical picture remains healthy. MA5 is 1777, MA10 is 1778, both being stepped on by price. MA20 is 1757 providing support below. Volume is 8.95k, with a turnover of 138 million. Volume has notably increased compared to the weekend, with buying pressure steadily coming in. 7-day +10.59%, 30-day +13.65%, 90-day -20.36%, half-year -43.70%. Short- to medium-term recovery is progressing steadily.

At 1783, it's just $17 away from 1800, essentially a period of accumulation before the final push. As long as it doesn't break the support zone of 1750-1760, the bulls are fine. ETH has risen from 1500 to 1783, nearly 19%, and the trend is very clear. 1800 is not a question of whether it can be reached, but whether it will be reached today or tomorrow. A retracement is an opportunity — don't get shaken out.