ETH’s Decision Point? $1,900 Incoming or a Fakeout? (7 May Live Update)

Ethereum is hovering around $1,840, and a major move looks imminent today.

Here’s what’s showing up on the charts & on-chain data:

Key Observations:

OI rising without price = Big move loading

Funding rate neutral = No crowd bias

SOPR below 1 = Profit-taking phase ending

Whale accumulation spotted near $1,820

Zones to Watch:

Breakout above $1,860 → Target: $1,910

Breakdown below $1,812 → Target: $1,740

Trade Plan:

Long above $1,860 (with volume confirmation)

Short below $1,812 (after candle close)

Don’t predict — react. Watch volume.

Will ETH pump or dump today? What’s your play?

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#Ethereum #cryptotrading #priceaction #WhaleWatching #Binance $ETH