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$ETH HOLDING THE 2,438 LINE, WHALES READY TO PUSH HIGH! 📈
Entry: 2,438.85 ⚡
Target: 2,919.89 🚀
Stop Loss: 1,980 ⚠️
📊 On‑chain data shows exchange balances slashed 38% to ~15.5 M ETH, the lowest in years, while MVRV flipped positive after a nine‑month slump. The 2,438.85 zone, once a stubborn resistance, now acts as a firm floor, letting bullish pressure build. 🦈 With supply tightening and momentum still climbing, the next Fibonacci stretch points toward the 2,919.89 ceiling.
⚡ If buyers defend the support, an 18% rally could ignite; breach it and we could tumble toward the 1,980 trough. 💡 How are you positioning around the 2,438 barrier? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
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#ETH #SupplyDrop #MVRVMomentum #Breakout 🔥 💎