Anthropic is reportedly planning to launch its IPO in November. News that it may go public before Thanksgiving has boosted risk appetite for technology stocks, indirectly benefiting ETH as a high-beta asset. I lean bullish in the short term, but advise caution when chasing prices higher. Market data: the current price is 2715.25, up a modest 0.6% over 24 hours, with a high of 2739.43 and a low of 2690.07. Trading volume is 17.027 million. Both the 1-hour and 4-hour trends are upward, and the price is just 2.14% below the 4-hour high. The 0.0066% funding rate points to moderate bullish sentiment, and open interest stands at 598,000 coins. However, the top-10-level bid-ask ratio is 0.45, indicating notable selling pressure. Around 2700 is psychological support, while the area near 2739 is short-term resistance. If ETH breaks above 2739.43 on increased volume, consider going long: entry at 2741.35, stop-loss at 2698.65, and target at 2786.25. If it meets resistance and pulls back to 2692.75, consider a small long position: stop-loss at 2668.45 and target at 2735.85. Keep position size below 20%.

—Just my personal opinion; this is not investment advice. Wishing you successful trading.—

$ETH#Anthropic plans to launch its IPO in November, aiming to go public before Thanksgiving