ETH is currently at 2,521, stuck in the 2,500–2,700 range. The key resistance is at 2,700, with support at 2,500. Don’t chase the price in the middle of the range; wait for a pullback near 2,500 before entering. Only a high-volume breakout above 2,700 would truly open up more upside.
Fundamentals point to bearish pressure. ETH reserves on exchanges keep rising, and spot ETFs are seeing net outflows, so selling pressure is still building. On the 13th, ETH briefly fell below 2,500, showing that this support is shaky. If it gives way, the bullish structure will need to be reassessed.
At 2,521, the current price is near the bottom of the range, with about 7% upside to the 2,700 resistance. The risk-reward ratio is still fairly attractive. #ETH
Fundamentals point to bearish pressure. ETH reserves on exchanges keep rising, and spot ETFs are seeing net outflows, so selling pressure is still building. On the 13th, ETH briefly fell below 2,500, showing that this support is shaky. If it gives way, the bullish structure will need to be reassessed.
At 2,521, the current price is near the bottom of the range, with about 7% upside to the 2,700 resistance. The risk-reward ratio is still fairly attractive. #ETH