$ETH
📊 Technical Analysis
Strong short-term bullish trend: 15-minute analysis shows that ETH is in a strong uptrend. The support level of $2,766 is maintained, and initial resistance is at $2,875 and then $2,935. A break above these levels could open the way to $3,044.
New breakout: Buyer pressure broke the resistance level of $2,800 and advanced to $2,873.
Coiling: ETH is in a tight range between 2,700–2,800, and this structure usually forms before an explosive move.
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🛠 On-chain and fundamental analysis
Futures and institutional interest: Open interest in the futures market has reached a record high, and several ETFs have attracted significant capital.
Whales Enter: A whale with a $11 million position at 25x leverage indicates high market confidence in a possible 30% rally to ~$3,670.
Strong Network: Pectra update increases Layer2 capacity; 34.65 million ETH are also locked in staking contracts, limiting circulating supply.
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🎯 Objectives and Risk
Level Explanation
Support $2,760–2,720 (short support); $2,460–2,500 (stronger support)
Resistance $2,875–2,900 (initial), $3,000 (psychological), $3,078 (Fibonacci), then $3,400–3,670 based on pattern analysis
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✅ Market Summary
Bullish Outlook: Strengthening trend with institutional money inflow, resistances broken and positive technical structure indicate potential for growth to $3,000+ this month.
Good Entry Point: We are now in the $2,760–2,800 range; this area is above important support and is likely to be the next move to higher resistances.
Recommendation: A reasonable position for short-term investment; however, if risk appetite is high, you can wait for a brief correction to $2,720–2,760 and then enter.
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🧭 The Road Ahead
If the uptrend and trading volume continue, there is a possibility of reaching the first target of $2,900 and then $3,000–3,400.
On the other hand, there are risks such as a global economic correction or a slowdown in institutional demand that could push the price down to $2,500–2,600.