Good afternoon, traders! The market is flashing a major signal: while Bitcoin is fighting to hold its ground, Ethereum (
$ETH ) is showing signs of decoupling, which is a key trait of institutional accumulation and pre-upgrade optimism.
$ETH bottomed sharply during yesterday's crash, hitting lows near $2,800, but is quickly reclaiming ground.
The Bounce Narrative:
Institutional Flows: Fresh data shows that
$ETH ETFs recently ended a multi-day outflow streak, and institutions are viewing the $2,800 area as a major buy zone before the network upgrade (Source: Decrypt).
$ETH / $BTC Ratio: The ratio is stabilizing (around 0.0322). When this ratio stops falling, it signals that Altcoins are preparing to regain momentum against $BTC.
Resistance Watch:
#ETH is now facing resistance at $2,960. A clean break here confirms the bounce and opens the path to $3,100.
With the $2,800 support holding, do you think
#ETH is the safest bet for a crash recovery? Let me know! 👇
#ETH #Altcoins #BouncePlay #TradingSignal #Write2Earn