📢 Ethereum $ETH – Latest Market Update & Insights.
Current Price: $ETH
is trading around $2,795–$2,840, showing signs of a breakout.
🔹 Key Level: The 0.5 Fibonacci resistance at $2,845 is being tested — a successful breakout could open the path to $3,148, and potentially $4,000 in the coming weeks.
📊 On-Chain Strength & Technical Indicators:
✅ Golden Cross: 50-day MA crossed above 200-day MA
✅ MACD bullish, RSI overbought (72) = strong upward pressure
✅ 57,649 ETH withdrawn from Binance & Kraken — likely long-term accumulation
✅ A whale opened a 4,000 ETH leveraged long (~$11M) — bullish institutional bet.
📈 $ETH Staking & ETF Growth Surging:
🔹 34.7M ETH staked on Beacon Chain (≈28.7% of total supply)
🔹 ETH Open Interest hits ATH at ~$41.5B
🔹 $125M+ ETF inflow on June 10 alone
🔹 Total ETH ETF Holdings: ~$3.5 Billion
📌 Key Levels to Watch for Binance Traders:
📍 Support: $2,650 – $2,750
📍 Resistance: $2,835 – $2,845 → Breakout target: $3,000–$4,000
📍 Caution: RSI is overheated — short-term pullback possible
