Ethereum Is Facing a Major Test 🚨
$ETH is currently trading around $2,456, after a strong August rally.
One important factor is institutional demand: U.S. spot Ethereum ETFs recorded $225.8M in net inflows on August 28, extending a strong recent inflow streak.
Now, the key levels to watch:
🎯 Resistance: $2,550
📌 Support: $2,400–$2,450
If ETH breaks and holds above $2,550 with strong volume, the next upside area traders may watch is around $2,800–$3,000.
If ETH fails to break resistance and loses the $2,400 area, a deeper pullback could follow.
My view: ETH still looks interesting, but confirmation is more important than chasing the move.
Do you think ETH will break $2,550 or pull back first? 👇
#Ethereum #KoreaSingleStockLeveragedETFTradingFalls #VietnamPilotsCryptoAssetMarket
$ETH is currently trading around $2,456, after a strong August rally.
One important factor is institutional demand: U.S. spot Ethereum ETFs recorded $225.8M in net inflows on August 28, extending a strong recent inflow streak.
Now, the key levels to watch:
🎯 Resistance: $2,550
📌 Support: $2,400–$2,450
If ETH breaks and holds above $2,550 with strong volume, the next upside area traders may watch is around $2,800–$3,000.
If ETH fails to break resistance and loses the $2,400 area, a deeper pullback could follow.
My view: ETH still looks interesting, but confirmation is more important than chasing the move.
Do you think ETH will break $2,550 or pull back first? 👇
#Ethereum #KoreaSingleStockLeveragedETFTradingFalls #VietnamPilotsCryptoAssetMarket
