🤙 Market update — focus on ETH
Last night the market dipped a little, but that was expected. Overall, the chart still looks good to me. The price is climbing in a slow, shaky way. We keep seeing small pullbacks that scare traders, and the Iran news adds even more fear. Many people open new shorts too soon.
BTC still hasn’t broken $112,000, so the full «risk-on» mood isn’t here yet. ETH, however, stays strong. The support zone at $2700 — $2750 keeps holding: every time price drops there, buyers step in. That suggests we may soon test $3000.
🔴 Why this target makes sense:
1. Around $3000 there is more than $2 billion in short positions. The market usually takes that liquidity before any big pullback.
2. ETH futures now show more daily volume than BTC futures.
3. Open interest on ETH futures just hit a record $43.5 billion.
4. Money keeps flowing into Ether ETFs — the strongest inflows in five months.
👮 Market sentiment is still neutral, not greedy, so there’s room to move. I see ETH reaching $3200-$3500 first, which should also wake up many altcoins.
After that, the next move will depend on big news and global politics, but for now ETH’s setup looks solid.