🔥 $ETH Update: Dancing Around $2,518 - The $2,500 Defense
Ethereum's holding its ground at $2,518, and honestly, this feels like a pivotal moment. Bulls have managed to defend the key $2,502 level (20-day EMA), which is exactly what you want to see for continuation.
Pattern: ETH has formed a bull flag on the daily chart — classic bullish continuation setup
RSI sitting at 57.5 — right in that sweet neutral zone. Not overbought, not oversold. Room to move either direction, but the momentum feels constructive.
🎯 Market Context:
Analysts eyeing the $2,800-$3,000 range if support holds
Recent bounce from the $2,300 support zone reinforced the bullish outlook
ETH showing relative strength vs the broader market
📈 What I'm Watching: The $2,500 level has been battle-tested multiple times and keeps holding. That's institutional money stepping in. Strong demand around the $2,486-$2,490 zone confirms this isn't just retail FOMO.
My Read: This consolidation above $2,500 is healthy. We're building a base for the next leg up. A clean break above $2,550 with volume could trigger that bull flag target toward $2,700+. But lose $2,480 and we're probably revisiting $2,400.
The risk/reward setup is getting interesting here.
💡 Trading Setup:
Entry: $2,515 (current levels, scaling in)
Target: $2,680
Stop Loss: $2,450
ETH loves to move when BTC stabilizes. Keep those stop losses tight and let the winners run.
🔥 $BTC Update: Grinding at $106.6K - Critical Juncture Ahead
Bitcoin's sitting right at the edge of a knife here. We're testing resistance at 106,000 points, and honestly, this level has been a magnet for the past few sessions.
📊 Technical Setup:
Key Resistance: $106,800-$107,000 (the make-or-break zone)
Support Levels: $104,000 → $101,000 → $100,000 psychological
Pattern: Tight consolidation after the May highs, coiling for the next big move
The RSI is hovering around 54-55, so we're in neutral territory — not overbought, not oversold. Technical ratings are flashing "Buy" signals across multiple timeframes, but I'm seeing some mixed signals in the shorter term momentum.
🎯 Market Sentiment: Fear & Greed Index just hit 62 points — we're in greed territory but not extreme. That's actually healthy for continuation. The market isn't getting too frothy yet.
🐋 What's Moving BTC:
ETF flows remain decent (institutions still accumulating)
Weekend consolidation is typical before Monday's traditional finance reopening
Friday's dip to $101,095 got bought up quickly, showing strong support
My Take: This feels like a spring being wound tight. A clean break above $107K with volume could send us toward $109-110K fast. But if we lose $104K, we're probably revisiting the $100K magnet.
I'm staying patient here. Not chasing, but ready to act on a clear directional break.
💡 Trading Setup:
Entry: $106,200 (on breakout confirmation above $106,800)
Target: $108,500
Stop Loss: $104,800
Risk what you can afford. This market rewards patience over FOMO.
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? 😅
Alright team, had my coffee and been watching these charts all morning. Here's what's actually happening...
Price: $102,530 and we just broke that $104K support I was watching. Not gonna lie, this stings a bit.
This level just broke and now we're looking at that $101.5K zone I mentioned. RSI below 30 and we're officially in oversold territory - but that doesn't mean we can't go lower (learned that the hard way in 2022 😅).
My levels I'm watching:
🔴 $101.5K - next major support, watching closely
🔴 $98K - would be brutal but possible
🟢 $104K - now resistance, need to reclaim this
🟢 $106.8K - would confirm any real bullish momentum
What's bugging me: MACD is still red and volume has been weak during this whole consolidation. Makes me think any breakout might be fake. BUT... ETF flows are still coming in and whales keep accumulating these dips.
Real talk from my trading desk: This setup screams "calm before the storm" to me. Either we bounce hard from $104K or we're heading to $98K faster than most people expect.
Well, the $104K break just happened so now we're in that next phase. I've got buy orders staged around $101K but might wait to see if we get a proper flush first.
What I'm watching for entries: If we see a quick wick down to $100K with immediate recovery, that could be your classic "stop hunt" before the bounce. Those usually happen on low volume Sunday nights or early Monday (sound familiar? 😏).
On the flip side, if we start grinding lower with consistent selling pressure, might be worth waiting for that $98K level where real buyers typically show up.
For the brave souls thinking about shorting this bounce - just remember, crypto loves to squeeze both ways. Maybe scale in rather than going all-in on one direction.
The macro picture is still bullish long-term but short-term? This is a trader's market and you gotta respect the levels.
What's everyone else thinking on this $104K test? Holding or folding? 💬