$ETH 🚀 Ethereum Defends $2,500 Support Amid Whale Moves – What’s Next? 🚀
The ETH/USDT pair is trading at $2,506 after a volatile session that saw prices dip below $2,500 before recovering, as Ethereum faces mixed signals from institutional traders and retail FOMO.
🔥 Key Drivers:
- Whale Activity: 385K ETH ($965M) flowed into Binance, sparking sell-off fears – but buyers defended $2,500 support.
- ETF Watch: Spot Ethereum ETF approvals loom, with analysts pricing in 85% odds by July.
- Technical Setup: RSI at 54 (neutral), but a golden cross (50DMA > 200DMA) hints at bullish momentum.
📊 Critical Levels:
- Support: $2,475 (weekly low)
- Resistance: $2,550 (recent high) – breakout could target $2,800.
💡 Pro Tip: Watch for a volume-backed close above $2,550 to confirm bullish continuation.
Did You Know? ETH’s 24H volume hit $25.3B – up 18% as institutional interest grows.
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