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

First, look at Chart 1.
736 is the theoretical limit, but I believe traders are unlikely to push the price to such an extreme. The more meaningful levels to watch are above 1100. Currently, 1728 is in a monthly peak volume gap area, which theoretically requires filling. Below that are support levels at 1475, 1328, 1196, and 1125—these are stair-step supports where you can place buy orders in batches.

Now, look 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—located at the previous bear market’s heavy accumulation zone.
In other words, the 1115–1130 range is a strong structural zone that isn’t easily broken through.

In the short term, focus on the 1891 and 1826 levels to gauge rebounds.
These levels determine whether the rebound is a weak correction or a stronger bounce.

Many 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, over the past few years, has been diverted by new public chains, L2 solutions, and narrative shifts, leading to less concentrated capital attention and more stubborn technical suppression.

Technology isn’t everything, but the traces of chips are real.
It doesn’t matter if you can’t see the whale change.
As long as you can understand the game traces at key price levels, that’s enough.

The market doesn’t follow theory,
but it will definitely move around costs.