โ ๏ธ $ETH Slips to $2,200? Market Shaken by Middle East Tensions ๐๏ธ๐ฃ
Is this a dip to fear or a chance to accumulate?
๐ $ETH is down 3%, trading at $2,420, and sliding fast โ as geopolitical tensions spike and exchange inflows hit 285K ETH in just 4 days.
๐ฅ On Friday alone: 72,000 ETH hit exchanges
๐ Meanwhile:
๐น $163M in liquidations
๐น Futures OI up 720K ETH = heavy short positioning?
๐น Price dropped as OI rose โ classic sell-off signal ๐จ
๐บ๏ธ The Bigger Picture:
White House confirms Trump to announce Iran strategy in 2 weeks.
Markets? On edge. ETH? Feeling the pressure.
But under the chaosโฆ ๐ง
๐ Accumulation addresses are quietly adding 5M ETH in June alone
๐ฅ ETH Staked = ATH of 35.1M ETH
โก๏ธ 500K ETH staked just this month
โก๏ธ โStructural demand is resilientโ โ Binance Research
๐ Technical Watch:
ETH is at the apex of a symmetrical triangle
โ Resistance = 200-day SMA (since May 13)
โ Support = 50-day EMA
๐ฅ Last breakout to $2,850 failed. Will this one succeed?
๐ฏ Key Levels:
โ ๐ Watch $2,200 if support fails
โ ๐ Break above $2,450โ$2,500 could revive the bulls
Ethereum is coilingโฆ tension is risingโฆ
This triangle wonโt stay silent much longer.
#ETH #Ethereum #Write2Earn #Binance #CryptoNews #MiddleEast #Geopolitics #AltcoinWatch #ETHStaking #TechnicalAnalysis #XSuperApp
