🔥 ETHEREUM PULLBACK OR THE START OF A DEEPER RESET?
Ethereum is trading around $2,645, down 2.78% after failing to hold the recent move toward $2,807.
The 1H chart has shifted short-term bearish. ETH is now below the MA(7) at $2,661.71, MA(25) at $2,675.52, and MA(99) at $2,703.63. That puts the $2,700 area back into focus as the key zone bulls need to reclaim.
INSTITUTIONAL PICTURE
The bigger picture hasn't completely broken. U.S. spot ETH ETFs recorded $162.2M of net inflows on September 22, followed by a much smaller $2.5M inflow on September 23. Meanwhile, BitMine reported 5.98M ETH, equal to about 4.9% of total ETH supply, with more than 5M ETH staked.
So the interesting part is the divergence: institutional flows remain positive while short-term price momentum is cooling.
Technically, ETH needs to reclaim $2,675–$2,700 to start repairing the 1H structure. Until then, the recent high at $2,807 remains a major resistance zone.
The first downside area to watch is $2,600, followed by the previous breakout region around $2,567.
For me, this is less about panicking over the pullback and more about watching whether buyers step back in around support.
#ETH #Ethereum #ETHUSDT #Crypto #CryptoTrading $ETH
Ethereum is trading around $2,645, down 2.78% after failing to hold the recent move toward $2,807.
The 1H chart has shifted short-term bearish. ETH is now below the MA(7) at $2,661.71, MA(25) at $2,675.52, and MA(99) at $2,703.63. That puts the $2,700 area back into focus as the key zone bulls need to reclaim.
INSTITUTIONAL PICTURE
The bigger picture hasn't completely broken. U.S. spot ETH ETFs recorded $162.2M of net inflows on September 22, followed by a much smaller $2.5M inflow on September 23. Meanwhile, BitMine reported 5.98M ETH, equal to about 4.9% of total ETH supply, with more than 5M ETH staked.
So the interesting part is the divergence: institutional flows remain positive while short-term price momentum is cooling.
Technically, ETH needs to reclaim $2,675–$2,700 to start repairing the 1H structure. Until then, the recent high at $2,807 remains a major resistance zone.
The first downside area to watch is $2,600, followed by the previous breakout region around $2,567.
For me, this is less about panicking over the pullback and more about watching whether buyers step back in around support.
#ETH #Ethereum #ETHUSDT #Crypto #CryptoTrading $ETH