$ETH is 2.7% from a breakout, and traders are watching one level.
Ethereum is trading around $2,700, up about 15% in a month and nearly 70% in
Q3. It's Holding a tight 24h range of $2,681-$2,706, just below its recent high near $2,775. ๐
๐ Support: $2,680, then $2,630
๐ Resistance: $2,750-$2,775
๐ฏ Target: $2,800, then $3,000 on a confirmed breakout
๐ Invalidation: close below $2,600
๐ก The level to watch is $2,775. Staking exit queues hold about $2.2B of ETH ahead of the Nov 4 upgrade, which can add selling pressure. But on-chain activity is rising, and some analysts are calling for a bigger alt season run.
โ ๏ธ Some indicators flash sell signals for a pullback after Sunday's gains. Don't chase, and wait for a daily close above $2,775 with volume.
Does $ETH break $2,775, or dip to $2,630 first? Comment below ๐
@Anndy Lian @Ismeidy @Ihtisham_Ul Haq
#Ethereum
Ethereum is trading around $2,700, up about 15% in a month and nearly 70% in
Q3. It's Holding a tight 24h range of $2,681-$2,706, just below its recent high near $2,775. ๐
๐ Support: $2,680, then $2,630
๐ Resistance: $2,750-$2,775
๐ฏ Target: $2,800, then $3,000 on a confirmed breakout
๐ Invalidation: close below $2,600
๐ก The level to watch is $2,775. Staking exit queues hold about $2.2B of ETH ahead of the Nov 4 upgrade, which can add selling pressure. But on-chain activity is rising, and some analysts are calling for a bigger alt season run.
โ ๏ธ Some indicators flash sell signals for a pullback after Sunday's gains. Don't chase, and wait for a daily close above $2,775 with volume.
Does $ETH break $2,775, or dip to $2,630 first? Comment below ๐
@Anndy Lian @Ismeidy @Ihtisham_Ul Haq
#Ethereum