$ETH Is Sitting Right on $2,500, and That's the Whole Story
Crossing $2,500 is a headline. Holding it is the trade. ๐ฏ
$ETH: 2,500 USDT (+0.36% today)
Barely above the line after Thursday's flush, which wiped out $356M in ETH positions.
๐ Pivot: $2,500, where bulls and bears are fighting
๐ Upside: $2,550, then $2,650 if buyers take control
๐ Downside: lose the ~$2,490 flush low and sellers get the next move
โ ๏ธ Headwind: ETH ETFs lost $201.9M on Oct 6 and $160.9M on Oct 7
I like the resilience, but I won't call a reversal until ETH closes above $2,550 on a daily candle. Until then, it's a range.
Is $2,500 support or just a magnet? Where's your line? ๐
#ETH #Ethereum
#EthereumSurpasses2500USDT
Crossing $2,500 is a headline. Holding it is the trade. ๐ฏ
$ETH: 2,500 USDT (+0.36% today)
Barely above the line after Thursday's flush, which wiped out $356M in ETH positions.
๐ Pivot: $2,500, where bulls and bears are fighting
๐ Upside: $2,550, then $2,650 if buyers take control
๐ Downside: lose the ~$2,490 flush low and sellers get the next move
โ ๏ธ Headwind: ETH ETFs lost $201.9M on Oct 6 and $160.9M on Oct 7
I like the resilience, but I won't call a reversal until ETH closes above $2,550 on a daily candle. Until then, it's a range.
Is $2,500 support or just a magnet? Where's your line? ๐
#ETH #Ethereum
#EthereumSurpasses2500USDT