🔥 ETHEREUM REBOUNDS 4% FROM $2,325 AND NOW FACES THE $2,500 WALL
Ethereum fell to $2,325 after the PPI report, but recovered more than 4% and is trading near $2,460. The rebound was driven by falling Treasury yields and a weaker dollar.
The key data point: ETH reserves on Binance fell by 430,000 ETH between August 25 and October 16. Less ETH available on exchanges means less supply ready to be sold. Historically, this has preceded bullish moves.
The first hurdle is the 50-day EMA at $2,496. If ETH closes above $2,500, the next target is $2,548–$2,552. Critical support is at $2,355.
Are you betting on a breakout or the wall?
Click here to trade 👉🏻 $ETH
#eth
Ethereum fell to $2,325 after the PPI report, but recovered more than 4% and is trading near $2,460. The rebound was driven by falling Treasury yields and a weaker dollar.
The key data point: ETH reserves on Binance fell by 430,000 ETH between August 25 and October 16. Less ETH available on exchanges means less supply ready to be sold. Historically, this has preceded bullish moves.
The first hurdle is the 50-day EMA at $2,496. If ETH closes above $2,500, the next target is $2,548–$2,552. Critical support is at $2,355.
Are you betting on a breakout or the wall?
Click here to trade 👉🏻 $ETH
#eth