🚀 $ETH Update - Coiling Like A Spring At $2,425 ⚡
Morning crypto fam! Just grabbed my second cup of coffee because this ETH chart is keeping me glued to the screen...
Price: $2,425 and honestly, this feels like we're in that annoying "decision time" zone again.
We've been grinding sideways for what feels like forever between $2,458 support and $2,720 resistance. The good news? We found solid support at the 200-day MA around $2,447 over the weekend, and RSI is sitting pretty at 64 - still room to run without being overbought.
My levels I'm watching:
🔴 $2,400 - psychological support, don't want to lose this
🔴 $2,350 - would be concerning if we hit here
🟢 $2,500 - need to clear this first
🟢 $2,700 - the breakout level everyone's watching
What's got me excited: June predictions have ETH in a $2,700-$2,900 range with bullish sentiment dominating. Plus, MACD made a bullish cross and RSI pushed above 50 - both classic signs we've seen before major moves.
Real talk from my desk: This consolidation is actually healthy AF. Better to build a solid base here than moon shot and crash back down. The longer we hold above $2,400, the more convinced I get that $2,700 breakout is coming.
What I'm positioning for: If we get a Sunday night fake-out below $2,400 with quick recovery, that's usually where the algo boys try to shake out weak hands before the real move. Those quick wicks to $2,350 followed by immediate bounces? Classic accumulation zone behavior.
On the other hand, a clean break above $2,500 with decent volume could send us straight to test that $2,700 ceiling. No point chasing though - either the setup works or it doesn't.
Been trading ETH since 2019 and these tight ranges always resolve with violence. Just gotta be patient and let the chart tell us which way it wants to go.
Anyone else feeling this coiled spring energy? Or am I just caffeinated and seeing things? 😅
#$ETH #Ethereum #Crypto #BinanceSquare #TradingLife
