$ETH Broke Below 1,900—Will 1,500 Become Reality?

ETH plunged straight through 1,900, and the bulls’ line of defense has officially fallen. A large number of long positions were liquidated in the past 24 hours, spot ETFs continue to see outflows, and buying pressure isn’t keeping up. Calls for 1,500 are everywhere.

The worst thing to do in a panic-driven market is make rash moves. 1,900 has now turned from support into resistance. If the price can’t reclaim it in the short term, it may continue searching for a bottom. After a series of declines, though, watch out for a rebound triggered by short covering too—don’t get fixated on a one-way bet that prices will keep falling.

The broader market is weak, but PEPE is charting its own course, with funds flowing into popular altcoins with ample liquidity. If market sentiment improves, these assets could be among the first to attract capital. Just remember not to chase prices higher.

Nvidia-related news has had a limited impact on the market. There’s no need to overstate it—focus instead on AI-sector earnings and fund flows.

Market risks have not yet subsided. Don’t rush to buy the dip, and don’t panic-sell at a loss. The key thing to watch is whether ETH can reclaim and hold above 1,900; for altcoins, wait for signs that funds are flowing back in.

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The broader market has taken a sharp dive, leaving blood in the streets. Later, I’ll put together a list of strong coins that may be suitable for buying the dip as a recovery plan. If you want to follow the strategy, join at 聊天室.