🚨 $ETH Loses $1,800: Capitulation or Just the Start? 🚨 ETH/USDT is trading near $1,789, down 6.34% in 24h, with roughly $14B in reported 24h volume (varies by venue). 📉 What's driving it • US spot ETH ETFs: $500M-$700M net outflows in November, about $2.3B over 45 days • AI/tech sell-off spilled into crypto, with ~$285M in ETH liquidations • Longs were ~90% of liquidations, so this was a leverage flush • ETH is down ~21% in a month 📊 Key levels 🟢 Support: $1,750 / $1,706, then $1,607, then the $1,450-$1,550 institutional cost-basis zone 🔴 Resistance: $1,835-$1,853, then $2,000 🧠 My read RSI is deeply oversold (~25-28), so a relief bounce is possible. But oversold is not a reversal signal. Price sits below key moving averages and ETF outflows are still running. Bull case: ETH holds $1,750-$1,800, ETF flows turn positive, and price reclaims $1,835-$1,853 for a move toward $2,000. Bear case: Rejection at $1,835-$1,853, then a daily close below $1,750 opens $1,706 and $1,607. Watch ETF flows and the $1,800 reclaim. Manage risk, avoid over-leverage. Not financial advice. DYOR. Are you buying the dip at $1,750-$1,800, or waiting for a confirmed bottom near $1,500? 👇 #ETH #Ethereum #ETHUSDT #CryptoAnalysis
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