Bellehere
--
Ethereum current structure
$ETH
✅ Bull side:
- ETH supply dropped >700K ETH since The Merge.
- L2s exploding (Arbitrum, Base). Blobs from Dencun cut fees ~90%.
🚩 Bear side:
- Spot ETH ETF still pending. No timeline = less institutional trigger.
- ETHBTC ratio trending down, BTC dominance at 56%.
What matters now:
- $2.9K is the line. Hold that, bulls stay in control.
- $3.5K is major breakout, unlocks $4K+.
- Under $2.9K, momentum shifts ugly, likely see $2.6K.
No need to guess. Let the levels decide.
#ETHBreaks3k #Write2Earn
$ETH
✅ Bull side:
- ETH supply dropped >700K ETH since The Merge.
- L2s exploding (Arbitrum, Base). Blobs from Dencun cut fees ~90%.
🚩 Bear side:
- Spot ETH ETF still pending. No timeline = less institutional trigger.
- ETHBTC ratio trending down, BTC dominance at 56%.
What matters now:
- $2.9K is the line. Hold that, bulls stay in control.
- $3.5K is major breakout, unlocks $4K+.
- Under $2.9K, momentum shifts ugly, likely see $2.6K.
No need to guess. Let the levels decide.
#ETHBreaks3k #Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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