$ETH
is sitting right at a key decision area. ๐
Ethereum is trading around $2,690 after failing to sustain the recent move toward $2,800. Short-term volatility has picked up, but the broader daily structure is still holding above important trend levels.
Key levels Iโm watching:
โ $2,640โ$2,650 โ immediate support
โ $2,590โ$2,600 โ deeper support
โ $2,700โ$2,730 โ first resistance
โ $2,780โ$2,800 โ major breakout zone
โ Above $2,800 โ $2,900โ$3,000 comes into focus
Thereโs also underlying demand: U.S. spot ETH ETFs recorded $17.1M in net inflows Monday, extending their positive streak even as flows cooled from last week.
For me, $2,640 is the level that matters.
Hold $2,640 + reclaim $2,700 โ another attempt at $2,800 becomes interesting.
Lose $2,640 โ Iโd watch $2,590โ$2,600 before expecting a stronger reaction.
ETH still has structure. Now buyers need to prove they can defend it.
#ETH #Ethereum #Crypto
is sitting right at a key decision area. ๐
Ethereum is trading around $2,690 after failing to sustain the recent move toward $2,800. Short-term volatility has picked up, but the broader daily structure is still holding above important trend levels.
Key levels Iโm watching:
โ $2,640โ$2,650 โ immediate support
โ $2,590โ$2,600 โ deeper support
โ $2,700โ$2,730 โ first resistance
โ $2,780โ$2,800 โ major breakout zone
โ Above $2,800 โ $2,900โ$3,000 comes into focus
Thereโs also underlying demand: U.S. spot ETH ETFs recorded $17.1M in net inflows Monday, extending their positive streak even as flows cooled from last week.
For me, $2,640 is the level that matters.
Hold $2,640 + reclaim $2,700 โ another attempt at $2,800 becomes interesting.
Lose $2,640 โ Iโd watch $2,590โ$2,600 before expecting a stronger reaction.
ETH still has structure. Now buyers need to prove they can defend it.
#ETH #Ethereum #Crypto
