$ETH is trading at $2,520 after a 1.1% daily gain, recovering above $2,500 after defending the supplied $2,440 macro support on consecutive daily closes. Rising spot order-book depth supports the recovery narrative. However, the reported 74.4% futures long positioning and ten consecutive days of spot ETF outflows highlight positioning and supply risks.
đ Bias: Neutral-Bullish Reversal | đŻ Entry: $2,480â$2,510 | đĄ Support: $2,444 | đ§ Resistance: $2,580 | đŻ Targets: $2,580 / $2,640 / $2,720 | â Invalidation: Close below $2,420
Strategy: Watch for support retention and confirmation before targeting a move toward resistance.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare
đ Bias: Neutral-Bullish Reversal | đŻ Entry: $2,480â$2,510 | đĄ Support: $2,444 | đ§ Resistance: $2,580 | đŻ Targets: $2,580 / $2,640 / $2,720 | â Invalidation: Close below $2,420
Strategy: Watch for support retention and confirmation before targeting a move toward resistance.
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare