$ETH
$ETH Market Outlook 🧵
1/ ETH is consolidating near $2840—a gift, not a warning. Don’t fade this chop. Smart money is absorbing supply, laying the groundwork for a 12–24% breakout over the next 1–6 weeks.
2/ On-chain signals 🔍
ETH supply on exchanges is dropping, a sign of long-term holding and reduced sell pressure.
Support is holding firm in the $2800–$2850 zone—creating a solid base for upside.
3/ Derivatives confirm the setup 💥
Options flow shows increased demand for calls, signaling renewed bullish sentiment.
Traders are positioning for upside at these price levels.
4/ 📈 Target Range:
$3,180 – $3,520
That’s a +12% to +24% move from current levels.
5/ This is a high-conviction swing setup. The charts, on-chain data, and derivatives positioning are aligned. The breakout is brewing.