Today's ETH Short-Term Analysis
Rebounded from yesterday's low of 2318, up around 2.6% over 24 hours, with a high of 2467. Resistance is at 2450–2480, with support at 2380–2400.
On-chain data:
Active addresses and contract deployments are still growing steadily, and real network usage has not declined much. There were withdrawals from exchanges a while ago, but recently spot markets and ETFs have seen net outflows. Supply has increased slightly on a net basis, while the amount staked remains high. Fundamentals are not bad, but capital flows are cautious.
Whale activity:
Some addresses bought the dip (repurchasing 6000+ ETH), and some rotated out of BTC into ETH. At the same time, some holders stuck at higher prices are selling; Arthur Hayes's transfer looks more like portfolio rebalancing. Whales were net buyers over the past 24 hours, but overall they have been net sellers over the past 7 days. Whales are quite divided, with no clear consensus.
Trading suggestions:
Short positions:
- Go short if a rebound to 2460–2480 meets resistance
- Stop loss: 2510
- Targets: 2380 → 2350
Long positions:
- Buy if price retests 2380–2400 and holds
- Stop loss: 2350
- Targets: 2460 → 2500
The structure remains choppy and somewhat weak. Give priority to shorting if price is rejected at higher levels, or wait for it to establish a genuine base before going long. Manage position sizes carefully, and make sure to set stop losses.#ETH🔥🔥🔥🔥🔥🔥 $ETH
Rebounded from yesterday's low of 2318, up around 2.6% over 24 hours, with a high of 2467. Resistance is at 2450–2480, with support at 2380–2400.
On-chain data:
Active addresses and contract deployments are still growing steadily, and real network usage has not declined much. There were withdrawals from exchanges a while ago, but recently spot markets and ETFs have seen net outflows. Supply has increased slightly on a net basis, while the amount staked remains high. Fundamentals are not bad, but capital flows are cautious.
Whale activity:
Some addresses bought the dip (repurchasing 6000+ ETH), and some rotated out of BTC into ETH. At the same time, some holders stuck at higher prices are selling; Arthur Hayes's transfer looks more like portfolio rebalancing. Whales were net buyers over the past 24 hours, but overall they have been net sellers over the past 7 days. Whales are quite divided, with no clear consensus.
Trading suggestions:
Short positions:
- Go short if a rebound to 2460–2480 meets resistance
- Stop loss: 2510
- Targets: 2380 → 2350
Long positions:
- Buy if price retests 2380–2400 and holds
- Stop loss: 2350
- Targets: 2460 → 2500
The structure remains choppy and somewhat weak. Give priority to shorting if price is rejected at higher levels, or wait for it to establish a genuine base before going long. Manage position sizes carefully, and make sure to set stop losses.#ETH🔥🔥🔥🔥🔥🔥 $ETH