๐ฅ $ETH | MARKET ANALYSIS
๐ What happened?
ETH is trading near $2,690โ$2,700 (+0.3% to +0.8% in 24h) after breaking out and consolidating above $2,700. In 7 days, it has accumulated approximately +7.8% from the $2,500โ$2,560 zone.
โข Catalysts: Positive flows in spot ETH ETFs (a 5-day streak with ~$66M in the latest one, and prior accumulations above $700M), BTC strength, and institutional accumulation (BitMine/Tom Lee).
๐ฏ Key Levels
๐๐ผ Resistance: $2,750 โ $2,800 (zone of recent highs and the current pause)
โจ Support: $2,650 โ $2,680 (buying defense close after the breakout)
๐ฉ๐ปโ๐ป Scenarios
โข Bullish: If it holds and confirms a close above $2,700โ$2,720 with volume, it could target $2,800โ$2,900.
โข Correction: Losing $2,650 could lead to a retest of $2,600โ$2,620. As long as it stays above $2,620, the trend remains bullish in the short term.
$ETH $BTC
#Ethereum #Binance #TradingCommunity #cripto #EthereumBreaksAbove$2700
๐ What happened?
ETH is trading near $2,690โ$2,700 (+0.3% to +0.8% in 24h) after breaking out and consolidating above $2,700. In 7 days, it has accumulated approximately +7.8% from the $2,500โ$2,560 zone.
โข Catalysts: Positive flows in spot ETH ETFs (a 5-day streak with ~$66M in the latest one, and prior accumulations above $700M), BTC strength, and institutional accumulation (BitMine/Tom Lee).
๐ฏ Key Levels
๐๐ผ Resistance: $2,750 โ $2,800 (zone of recent highs and the current pause)
โจ Support: $2,650 โ $2,680 (buying defense close after the breakout)
๐ฉ๐ปโ๐ป Scenarios
โข Bullish: If it holds and confirms a close above $2,700โ$2,720 with volume, it could target $2,800โ$2,900.
โข Correction: Losing $2,650 could lead to a retest of $2,600โ$2,620. As long as it stays above $2,620, the trend remains bullish in the short term.
$ETH $BTC
#Ethereum #Binance #TradingCommunity #cripto #EthereumBreaksAbove$2700
