Something is brewing Guys. 👀
Market Status
• ETH trading at $2,437.91 (+0.17%) with golden cross forming on daily/12-hour charts
• Technical pattern confirmation shows MACD alignment
• Key resistance: $2,600-2,800; immediate target: $3,000
Key Catalysts
• Institutional momentum: BlackRock (+$98M), ETFs (+$21M total)
• Whale activity: 871K ETH daily inflow, holdings exceed 14M tokens
• Recovery signals strengthened by candlestick patterns
• Technical factors: Network upgrades improving scalability
Trading Implications
• Long/Short ratios heavily bullish: Currency Standard (22.46), USDT (1.14)
• Volume crucial for $4,000 breakout targeting $6,000-8,000
• Critical support at $2,390
• Historical analysis supports potential $10,000 target
• Community sentiment: 77.8% bullish vs 22.2% bearish
Monitor volume confirmation while maintaining prudent stop-losses to capitalize on this technical setup.