$ETH remains neutral to bearish short-term while developing an accumulation bias around critical $2,450–$2,500 support. The supplied data shows severely oversold daily Stochastic RSI and major deleveraging, including a $69.69M liquidation, while funding has returned to neutral. Institutional long retention is offsetting heavy ETF outflows. The setup therefore depends on whether support continues to hold and spot demand produces a technical reversal.
📈 Bias: Neutral to Bearish Short-term / Accumulation Bias | 🎯 Entry: $2,460–$2,490 | 🛡 Support: $2,450 / $2,380 | 🚧 Resistance: $2,550 / $2,640 | 🎯 Targets: $2,540 / $2,610 / $2,680 | ❌ Invalidation: Below $2,420
Strategy: Support-entry or confirmation of reversal from the supplied $2,450–$2,500 defense zone.
#ETH #Ethereum #CryptoTrading #Binance #TechnicalAnalysis
📈 Bias: Neutral to Bearish Short-term / Accumulation Bias | 🎯 Entry: $2,460–$2,490 | 🛡 Support: $2,450 / $2,380 | 🚧 Resistance: $2,550 / $2,640 | 🎯 Targets: $2,540 / $2,610 / $2,680 | ❌ Invalidation: Below $2,420
Strategy: Support-entry or confirmation of reversal from the supplied $2,450–$2,500 defense zone.
#ETH #Ethereum #CryptoTrading #Binance #TechnicalAnalysis