🚨 $ETH Update: Bulls on Thin Ice? 🐂📉
Ethereum is back below $2,500, losing its recent Q2 edge over BTC. But this isn’t game over — just yet. Two critical levels now define the next move. 👇
1⃣ Break the ceiling – ETH must flip the long-term trendline (in place since 2018!) and close above $2,575 to confirm bullish momentum. Otherwise? Sideways or worse.
2⃣ Hold the zone – The $2,100–$2,300 area is a volume-heavy battleground. Lose it, and $1,750 could come into play fast. ⚔
🧠 RSI is neutral at 46.85. No euphoria. No panic. Just hesitation.
But institutions aren’t waiting.
Sharplink Gaming just scooped up 5,989 ETH ($14.45M) via Galaxy Digital. That’s not noise — that’s positioning. 🧱
The market might be indecisive short-term, but whales are stacking. Think long-term. Think structure. ⚙
📍TL;DR:
✅ Close above $2,575 = likely move to $2,850
❌ Rejection = potential drop to $1,750
Patience, not panic. The range will speak. 🎯