ETH Is Sitting Right on $2,500, and That's the Whole Story 🎯
Crossing $2,500 is a headline. Holding it is the trade.
$ETH $2,498.31 +$3.76 ( +0.15% ) — barely above the line after Thursday's flush wiped $356M in ETH longs. More than BTC's $273M that day.
🔹 Pivot: $2,500 — 50-day EMA + June uptrend + psychological fight zone
🔹 Upside: $2,550 daily close needed for reversal, then $2,650-$2,750 resistance
🔹 Downside: Lose $2,490 low → $2,406 wick retest → $2,400
🔹 Headwind: ETH ETFs 9 days straight outflows -$697M total. -$201.9M Oct 6, -$160.9M Oct 7, -$56.1M Oct 9. Selling slowing but no inflow yet
RSI 40.85 bearish, MACD bearish, but whales added 166k ETH in 72h holding $2,500.
I like the resilience, but no reversal until close above $2,550.
Is $2,500 support or magnet? Where's your line? 👇
$ETH $BTC #Ethereum #ETH
Crossing $2,500 is a headline. Holding it is the trade.
$ETH $2,498.31 +$3.76 ( +0.15% ) — barely above the line after Thursday's flush wiped $356M in ETH longs. More than BTC's $273M that day.
🔹 Pivot: $2,500 — 50-day EMA + June uptrend + psychological fight zone
🔹 Upside: $2,550 daily close needed for reversal, then $2,650-$2,750 resistance
🔹 Downside: Lose $2,490 low → $2,406 wick retest → $2,400
🔹 Headwind: ETH ETFs 9 days straight outflows -$697M total. -$201.9M Oct 6, -$160.9M Oct 7, -$56.1M Oct 9. Selling slowing but no inflow yet
RSI 40.85 bearish, MACD bearish, but whales added 166k ETH in 72h holding $2,500.
I like the resilience, but no reversal until close above $2,550.
Is $2,500 support or magnet? Where's your line? 👇
$ETH $BTC #Ethereum #ETH