๐ง Ethereum Eyes Breakout โ But Geopolitics Keep Holding It Back
ETF Momentum Growsโฆ So Why Isnโt ETH Pumping Yet? ๐ค
Ethereumโs price should be booming โ after all, spot ETF inflows have been strong for 19 days straight. Historically, this kind of capital surge has been fuel for major rallies. But this time, ETH isnโt following the playbook. Letโs break it down ๐
๐ The Run Started on May 16
ETH was bouncing around $2,500โ$2,600 โ and ETF hype kicked in.
๐ผ Since then, itโs poked above $2,800โฆ
๐ป But failed to hold, crashing back to ~$2,500 after Asia conflict headlines rattled markets.
๐ As of now:
ETH = $2,511 โ down over 1% in 24H
Momentum? Weak.
Frustration? High.
โ ๏ธ So Whatโs Holding ETH Back?
๐ฅ Strong ETF inflows, weak follow-through
๐ Geopolitical risk (Asia military tensions = risk-off environment)
๐ Resistance at $2,800+ still unbroken
๐ง Traders losing steam after earlier rallies
๐ฎ What to Watch Next:
A clear break above $2,800 with volume = bullish signal โ
Any ETF approval headlines = rocket fuel ๐
But more global unrest? Could send ETH retesting $2,400 or lower โ
๐ Bottom Line:
Ethereum has the setup. The ETF inflows. The narrative.
But until global calm returns or a major news catalyst hits, ETH may keep coiling below its breakout level.
Stay sharp. The move might come fast. โก