ETH at $2750, are you chasing it?
First, look at the surface: Yesterday it violently surged from 2613 to 2807, then retraced to 2750 today, up 12% in 7 days.
Retail investors are shouting "overbought, time for a correction," but look at the chart — daily candles above all moving averages, MACD golden cross, RSI at 69, volume expanded then contracted on the pullback. A healthy correction, don’t get left behind.
First thing: Rate hike is done, bad news fully priced in.
On September 16, the Fed raised rates by 25bp, the dot plot was hawkish, and new chair Warsh hinted at possible further hikes this year. ETH dropped from 2370 to 2430 that day, then what? It bounced back to 2807 three days later.
The CLARITY Act failed to advance in the Senate, ETFs saw early outflows, many said "regulation is doomed." But yesterday, ETFs had a net inflow of 270 million, led by BlackRock.
All the bad news is out, prices didn’t fall but rose — this is called bad news fully priced in.
Second thing: Shorts liquidated $190 million, whales are accumulating.
Yesterday shorts were liquidated for $191 million. You’re selling at a loss, whales are buying up.
BitMine (Tom Lee’s group) keeps increasing holdings, targeting 5% of supply. Non-custodial wallet count hit a record high of 207 million, exchange ETH reserves dropped to multi-year lows.
Third thing: 43 million ETH staked and locked, circulating supply is drying up.
About 43 million ETH are staked, accounting for 35% of circulating supply. The queue to stake is 13 times longer than the queue to exit — many want to stake, few want to leave.
Spot ETFs hold 5.91 million ETH, 4.8% of supply. Glamsterdam upgrade is underway, stablecoin gas payments and quantum resistance planned through 2029.
ETH isn’t just speculation; it’s being locked, hoarded, and bought onto institutional balance sheets.
Bull vs. bear, you decide:
On one side:
ETF funds flowing back, daily net inflow of 270 million
Shorts liquidated $191 million, causing a short squeeze rebound
43 million staked and locked, exchange reserves at multi-year lows
Daily chart bullish alignment, MACD golden cross
On the other side:
Fed rate hike cycle not over, macro remains hawkish
RSI 69-72 overbought, short-term digestion needed
Resistance at 2786-2807 tested thrice and failed
Still over 40% below ATH 4946, heavy trapped positions
Resistance above: 2786 → 2807 → 2894 → 3000
Support below: 2716 → 2626 → 2537 (20EMA) → 2500-2430
Trading strategy:
Short-term traders:
Wait for pullback to 2720-2716 to stabilize (4H hammer/engulfing), go light long, stop loss 2690, target 2890-3000. If it breaks 2716 and 4H close confirms, go light short, stop loss 2755, target 2626-2537.
Swing traders:
Wait for daily close above 2807 before entering, stop loss 2750, target 3000+. Half position is most comfortable now — add on dips, chase on rallies, stay calm.
Long-term believers:
Buy and hold below 2500. Staking lockup + ETF inflows + upgrade narrative, target 4000+ by 2027. Don’t mind the slow pace; it took 13 months to drop from 4946 to 2750, but it might only take 3 months to rebound from 2750 to 4000.
ETH now is like Bitcoin in 2020 —
Everyone is waiting for a crash, institutions are quietly accumulating.
You fear rate hikes, institutions fear missing out. You fear regulation, institutions fear insufficient position.
At 2750, do you dare chase or wait for a pullback?
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