🚀 ETH Bulls Are Back in Town 🐂
Ethereum just smashed through the $2,800 barrier, gaining over 7% in 24h — and the momentum looks 🔥.
📈 Institutional players aren’t sleeping either:
👉 $3.27B in Open Interest on CME (highest since Feb)
👉 $211M worth of ETH scooped up in a single day
👉 Retail investors? Hodling. Exchange deposit addresses keep dropping (📉23K)
According to IOMAP, ETH’s only real resistances lie above $3,200 — meaning the road to $3K+ looks smooth for now.
Yes, exchange reserves are slightly up (now 18.9M ETH), but the lack of selling pressure + surging liquidity + ETF inflows are painting a bullish picture. 🧩
Is this the start of ETH’s next leg up?
If institutions keep buying, don’t be surprised if we’re eyeing $3,222+ sooner than expected. 📊
📌 Not financial advice, but momentum doesn't lie. Stay sharp.