My view on $ETH right now: cautiously bullish
The setup:
ETH tagged $2,700+ this week, now ~$2,650 (24h -2.6%, 7d +8.9%, 24h volume ~$16.9B). Bitmine bought another $75M of ether; ~$89.4M in longs liquidated on the pullback. Funding near-neutral (~0.0054%).
Narrative check:
Square crowd calls $3,000–$3,500, but price faded back under $2,700 with the 10Y yield at a 19-year high — bullish talk, choppy tape.
My view:
55/25/20 bull/neutral/bear: treasury + ETF demand can drive a retest of $2,800; risk is a macro-driven break of $2,600.
Not financial advice. DYOR.
#ETH #Ethereum #BinanceSquare
The setup:
ETH tagged $2,700+ this week, now ~$2,650 (24h -2.6%, 7d +8.9%, 24h volume ~$16.9B). Bitmine bought another $75M of ether; ~$89.4M in longs liquidated on the pullback. Funding near-neutral (~0.0054%).
Narrative check:
Square crowd calls $3,000–$3,500, but price faded back under $2,700 with the 10Y yield at a 19-year high — bullish talk, choppy tape.
My view:
55/25/20 bull/neutral/bear: treasury + ETF demand can drive a retest of $2,800; risk is a macro-driven break of $2,600.
Not financial advice. DYOR.
#ETH #Ethereum #BinanceSquare