#ETH🔥🔥🔥🔥🔥🔥
ETH's key price levels today
Based on today's market:
🟢 First support: $2675–2695 — the first line of defense for short-term bulls.
🟢 Second support: $2610–2650 — an important pullback zone for going long.
🟢 Strong support: $2500–2565 — watch this area closely if the market sees a clear wave of risk reduction.
🔴 First resistance: $2725–2750 — today's most important short-term resistance.
🔴 Second resistance: $2800–2825 — the main target zone after breaking above $2730.
🔴 Strong resistance: $2880–2900 — an important resistance zone after breaking above $2810.
My 3 favorite setups for today
🥇 First: Buy the pullback near $2680
🥈 Second: Buy the pullback after a breakout above $2730
🥉 Third: Buy a deeper pullback to $2620–2650
Also, ETF flows aren't looking great right now: on October 5, U.S. spot ETH ETFs saw net outflows of around $50.8M, and outflows over the past 5 trading days totaled around $206M. So if ETH breaks above $2730 without supporting volume and inflows, be sure to watch out for a false breakout.
The medium- to long-term fundamentals are relatively positive, however. On October 1, Citi raised its 12-month ETH price target from $2240 to $3028, citing crypto market activity, the macroeconomic environment, and expectations of improved ETF flows. But this is an institutional forecast, not a guarantee of short-term price performance. $ETH
ETH's key price levels today
Based on today's market:
🟢 First support: $2675–2695 — the first line of defense for short-term bulls.
🟢 Second support: $2610–2650 — an important pullback zone for going long.
🟢 Strong support: $2500–2565 — watch this area closely if the market sees a clear wave of risk reduction.
🔴 First resistance: $2725–2750 — today's most important short-term resistance.
🔴 Second resistance: $2800–2825 — the main target zone after breaking above $2730.
🔴 Strong resistance: $2880–2900 — an important resistance zone after breaking above $2810.
My 3 favorite setups for today
🥇 First: Buy the pullback near $2680
🥈 Second: Buy the pullback after a breakout above $2730
🥉 Third: Buy a deeper pullback to $2620–2650
Also, ETF flows aren't looking great right now: on October 5, U.S. spot ETH ETFs saw net outflows of around $50.8M, and outflows over the past 5 trading days totaled around $206M. So if ETH breaks above $2730 without supporting volume and inflows, be sure to watch out for a false breakout.
The medium- to long-term fundamentals are relatively positive, however. On October 1, Citi raised its 12-month ETH price target from $2240 to $3028, citing crypto market activity, the macroeconomic environment, and expectations of improved ETF flows. But this is an institutional forecast, not a guarantee of short-term price performance. $ETH