#ETH🔥🔥🔥🔥🔥🔥
Resistance zone ($2 533 – $2 550): An ascending triangle has formed on the 4-hour chart. A breakout above $2 550 could open the way to medium-term targets at $2 600 – $2 800. However, a large volume of margin positions (liquidation clusters) is concentrated in this area, which limits immediate upside.
💡 Support zone ($2 400 – $2 470): Buyers are actively defending the $2 470 level. If the price drops below it, the first serious barrier will be the $2 400 mark.
A deeper correction to $2 200 over the weekend is unlikely, but it remains a possible scenario if large players lock in profits.
📈 What pushes the price up? ETF capital inflows: Spot Ethereum ETFs are showing steady net inflows (in particular, on August 26 alone, inflows totaled $192 million thanks to BlackRock and Grayscale funds).
The formation of a “Golden Cross”: The medium-term technical trend has shifted to bullish, which adds confidence to retail traders.
Resistance zone ($2 533 – $2 550): An ascending triangle has formed on the 4-hour chart. A breakout above $2 550 could open the way to medium-term targets at $2 600 – $2 800. However, a large volume of margin positions (liquidation clusters) is concentrated in this area, which limits immediate upside.
💡 Support zone ($2 400 – $2 470): Buyers are actively defending the $2 470 level. If the price drops below it, the first serious barrier will be the $2 400 mark.
A deeper correction to $2 200 over the weekend is unlikely, but it remains a possible scenario if large players lock in profits.
📈 What pushes the price up? ETF capital inflows: Spot Ethereum ETFs are showing steady net inflows (in particular, on August 26 alone, inflows totaled $192 million thanks to BlackRock and Grayscale funds).
The formation of a “Golden Cross”: The medium-term technical trend has shifted to bullish, which adds confidence to retail traders.