By analyzing $ETH star lines, we can identify key short-term levels and future bear market bottom order points.

Let's look at Chart 1 first.
736 is the theoretical limit, but I believe traders are unlikely to push the price to such extremes. The real levels worth monitoring in batches start above 1100. Currently, 1728 is in a monthly peak volume blank zone, which theoretically requires filling. Below that are support levels at 1475, 1328, 1196, and 1125, all of which can be used for batch buy orders.
Now, looking at Chart 2, the star lines.
The decline has already reached the 7.5 line, with the 8 line at 1567 and the 9 line at 1115.
However, the significance of the 9 line has been weakened because there is a more critical historical bottom line — 1128, which was the position where the last bear market whales heavily accumulated.
In other words, the 1115–1130 range is a strong structural zone and not something that can be easily broken through.
In the short term, focus on the 1891 and 1826 levels for rebounds.
These levels determine whether the rebound is a weak retracement.
Many people say ETH has changed whales.
Back in the day, BTC's 73059 was suppressed for years, but it eventually broke through.
But ETH's 9 line has been under pressure for so long and still hasn't broken.
What does this indicate?
It might not be a change in whales but a shift in capital structure.
BTC is the core asset of global liquidity, with a stronger narrative and more institutional allocation logic.
ETH has been diverted by new public chains, L2 solutions, and narratives over the past few years, leading to less concentrated capital attention and more stubborn technical suppression.
Technology isn't everything, but the traces of chips are real.
It's okay if you can't tell whether whales have changed.
As long as you can understand the game traces at key price levels, that's enough.
The market won't follow theory exactly,
but it will definitely revolve around cost. #我在Gate广场过新年