$ETH is falling with Bitcoin.
The $2,000 support broke.
And now everyone is asking: where is the real floor?
Let me answer that honestly.
The real floor for ETH isn't a random number. It's defined by on-chain data.
Key levels to watch:
🔴 $2,000: broke — was support for 8 weeks
🟡 $1,850-$1,900: major on-chain cost basis cluster
🟢 $1,700-$1,750: cycle bottom scenario — extreme fear capitulation
Here's what I know for certain at any of these levels:
✅ Bitmine is still accumulating — they want 5M ETH
✅ Staking ETF filing: imminent — yields don't disappear with price
✅ ETH/BTC ratio: at cycle lows — historically THE reversal point
✅ Standard Chartered $7,500 target: unchanged
✅ 67%+ derivatives traders: still LONG
Bitcoin has dropped more than 14% over the past 30 days — ETH is following the broader market correction. CoinDesk
The price is falling. The thesis isn't.
📊 ETH today:
— Price: ~$1,800-$1,900 — finding floor
— $2,000 broke: support becoming resistance
— $1,850-$1,900: first real floor zone
— ETH/BTC ratio: cycle lows ✅
— Standard Chartered: $7,500 ✅
Every bear market has a floor. ETH's is being found right now.
The thesis survives the price.
#Ethereum #FloorFinding #BearMarket #BinanceSquare #BinanceRollsOutTradingInUSStocks