Ethereum has been in a sideways squeeze after an impressive 41% surge in May. Here's where it's holding👇
Support level: ~$2,300
Resistance zone: ~$2,850
🔍 Technical Snapshot — Bullish Setup in Play:
📈 Weekly RSI breakout
📊 MACD just crossed bullish
🛡️ Price remains above the 200‑week MA
🔄 Stochastic RSI pointing up
💰 Ongoing inflows into ETH‑based ETFs
🏦 M2 money supply still expanding
These combined factors suggest a potential breakout toward $4,000 within 4–6 weeks. 🧭
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🌐 Market Vibes & Fundamental Signals
1. Institutional Flows & ETFs
Ethereum fund inflows hit $2B over nine weeks, with $583M coming in just last week—biggest since February .
Mix of bullish and cautious signals: inflows are strong, but momentum indicators hint at mixed trade activity .
2. On‑Chain Support & Whales
Massive whales bought 590,000 ETH early June, with strong buy-wall clusters around $2,311–$2,392 .
Smart‑Money zones around $2,517–$2,540 acted as key rebounce regions .
3. Macro Risk & Geo‑Political Factors
ETH climbed from ~$2,510 to ~$2,635 this week (+3.7%), shrugging off Middle East tensions—global risk sentiment is still on .
Still, broader crypto has softened as markets watch geopolitical developments .
4. Stablecoin & Protocol Resurgence
Ethereum dominates stablecoin issuance (~50%), so rising stablecoin activity boosts ETH demand .
Upcoming Pectra upgrade (mid‑2025) promises staking flexibility and protocol improvements—next structural catalyst incoming .
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🎯 Game Plan for the Binance Square Family
Move Strategy Target Levels & Notes
⚔️ Trade Scalping/Range Buy near $2,550–$2,600, sell at $2,650–$2,680; watch resistance cluster.
🙏 Hold Swing/Position Entry near $2,500–$2,550, aiming for $3,000–$4,000 on breakout.
🛡️ Hedge Defensive Stops below $2,510 to limit downside; risk if macro turns south.
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🌟 Outlook Summary
Ethereum is mixing bullish structure with macro caution:
✅ Major indicators (RSI, MACD, MA) are trending positive.
📊 Strong on‑chain demand and whale accumulation underpins price.
🔧 Structural upgrades and ETF/stablecoin inflows add fuel.
⚠️ But geopolitical “risk-off” waves could trigger a pullback.
Altogether, ETH looks primed for a bullish move—with $4K in sight—if it holds above $2,550–$2,600 and resists sell pressure.
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💡 Key Takeaways for the Binance Family
1. Entry zone: $2,550–$2,600
2. Target range: $2,850 → $3,000 → $4,000 (if breakout holds)
3. Stop level: Below $2,510
4. Watch events: Pectra upgrade, ETF inflows, geopolitical headlines 🌐
