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BigDreamsGm
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ETH
must hold $2,700 to avoid a deeper correction, a drop below could trigger over $1B in leveraged long liquidations.
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ETH
2,535.55
+0.91%
676
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On my chart, the updated anticipated scenario(See illustration)points to a retrace back to the 90K area which is NOW a support. Since the broader trend is bullish it is within reason to expect this support to HOLD and NOT break.That means it is an ideal location for high probability swing trade longs UPON confirmation. Watch 93,250 break (see the circle) to confirm price is following the retrace scenario (break of previous candle low)IF this is not broken then the retrace scenario is NOT in play
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๐๐ #ETH IntoTheBlock: ~350k ETH, worth nearly $1 billion, was withdrawn from exchanges yesterday. This is the highest amount of net exchange withdrawals since January 2024. This indicates traders took advantage of the drop to accumulate Ethereum.
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๐บ๐ธ๐ A bill to regulate the #stablecoin market has been introduced in the US Senate report Fox News. The bill will be discussed at a press conference with David Sachs today.
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NEW: ๐บ๐ธ President Trump's Crypto Czar to hold a press conference today on Digital Assets ๐
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JUST IN: ๐บ๐ธ๐ท๐บ US President Trump says he will talk with Russian President Putin "very soon."
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