The Bullish Catalyst: $ETH recently surged past its 50-week Moving Average (~$2,542), fueled by a massive wave of short-covering and $143.8M in spot ETF inflows led by Black Rock's ETHA.
Immediate Resistance: The key level to watch is $2,672. This marks the primary Fibonacci retracement level from the late 2025 peak ($4,946) to the early 2026 trough. A weekly close above this threshold flips the ceiling into support and opens the door for a target range of $2,950–$3,000.
Support Zones: If the price faces rejection at the current multi-week descending trendline, initial defensive liquidity sits at $2,400, followed by stronger horizontal support at $2,357.
#HKCompletesFirstHKDStablecoinUseCase
Immediate Resistance: The key level to watch is $2,672. This marks the primary Fibonacci retracement level from the late 2025 peak ($4,946) to the early 2026 trough. A weekly close above this threshold flips the ceiling into support and opens the door for a target range of $2,950–$3,000.
Support Zones: If the price faces rejection at the current multi-week descending trendline, initial defensive liquidity sits at $2,400, followed by stronger horizontal support at $2,357.
#HKCompletesFirstHKDStablecoinUseCase