$ETH today: Mildly Bullish* đ
*Price right now*
- *ETH: $2,505.33*
- *+1.41% on the day*, range $2,432 - $2,566
- Other sources today: âŒ$2,480 to $2,450 5c950aaa802d
*Why it looks bullish*
1. *Price above key level*: ETH is holding above $2,458 daily pivot and above its on-chain cost basis of $2,306. Thatâs usually a bullish sign.
2. *Spot buying > selling*: Exchange reserves dropped by 101K ETH last week, and whales with 10K-100K ETH added 182K ETH. Net Taker Volume also flipped positive.
3. *Technical*: RSI is strong at 76 and price is above 50-day EMA. Analysts say if it breaks $2,480 resistance next targets are $2,632 then $2,775-$2,825. 8b72802d0aaa7f53
*Why traders are cautious / "barish" pressure*
1. *Overbought*: Daily RSI at 76.06 is "deeply overbought". Reuters calls it a "distribution phase" where early buyers take profits.
2. *Weak futures demand*: Open interest dropped âŒ500K ETH after the short squeeze. Leverage ratio is at lowest since March.
3. *Retail selling*: Small wallets with 100-1K ETH sold 207K ETH last week. Exchange inflows increased as price went above $2,306. 8b727f530aaa802d
*Key levels to watch today*
- *Support*: $2,443, then $2,200
- *Resistance*: $2,480, then $2,632
- Break above $2,480 could target $2,775. Drop below $2,200 would hurt bullish sentiment. 8b727f53
*Bottom line*: Momentum is bullish today with price up and holding gains, but itâs in an overbought/coiling zone. Most analysts say "wait for confirmation" rather than chase. 8b72
Want me to set an alert for if ETH breaks $2,480 or drops to $2,443?
_Note: Not financial advice. Crypto is volatile - DYOR_ 8b72
$ETH #BullishOnPepeCoinPriceTonight
*Price right now*
- *ETH: $2,505.33*
- *+1.41% on the day*, range $2,432 - $2,566
- Other sources today: âŒ$2,480 to $2,450 5c950aaa802d
*Why it looks bullish*
1. *Price above key level*: ETH is holding above $2,458 daily pivot and above its on-chain cost basis of $2,306. Thatâs usually a bullish sign.
2. *Spot buying > selling*: Exchange reserves dropped by 101K ETH last week, and whales with 10K-100K ETH added 182K ETH. Net Taker Volume also flipped positive.
3. *Technical*: RSI is strong at 76 and price is above 50-day EMA. Analysts say if it breaks $2,480 resistance next targets are $2,632 then $2,775-$2,825. 8b72802d0aaa7f53
*Why traders are cautious / "barish" pressure*
1. *Overbought*: Daily RSI at 76.06 is "deeply overbought". Reuters calls it a "distribution phase" where early buyers take profits.
2. *Weak futures demand*: Open interest dropped âŒ500K ETH after the short squeeze. Leverage ratio is at lowest since March.
3. *Retail selling*: Small wallets with 100-1K ETH sold 207K ETH last week. Exchange inflows increased as price went above $2,306. 8b727f530aaa802d
*Key levels to watch today*
- *Support*: $2,443, then $2,200
- *Resistance*: $2,480, then $2,632
- Break above $2,480 could target $2,775. Drop below $2,200 would hurt bullish sentiment. 8b727f53
*Bottom line*: Momentum is bullish today with price up and holding gains, but itâs in an overbought/coiling zone. Most analysts say "wait for confirmation" rather than chase. 8b72
Want me to set an alert for if ETH breaks $2,480 or drops to $2,443?
_Note: Not financial advice. Crypto is volatile - DYOR_ 8b72
$ETH #BullishOnPepeCoinPriceTonight