$ETH
is trading under near-term pressure around $2,315–$2,325, having recently broken below its crucial 200-day Exponential Moving Average. Persistent spot ETF outflows and a temporary delay in testnet protocol upgrades have weakened buying momentum, pushing the asset down roughly 13% over the past month.
• Key Support: $2,276 and $2,180. A daily close below $2,276 directly exposes a massive $214 million whale liquidation level sitting at $2,182, which could accelerate a slide down toward $1,820.
• Key Resistance: $2,396 and $2,450. Reclaiming the 7-day simple moving average at $2,396 is necessary to stabilize the market and attempt a recovery rally back toward the $2,500 psychological roof #ETH🔥🔥🔥🔥🔥🔥 #ontop
is trading under near-term pressure around $2,315–$2,325, having recently broken below its crucial 200-day Exponential Moving Average. Persistent spot ETF outflows and a temporary delay in testnet protocol upgrades have weakened buying momentum, pushing the asset down roughly 13% over the past month.
• Key Support: $2,276 and $2,180. A daily close below $2,276 directly exposes a massive $214 million whale liquidation level sitting at $2,182, which could accelerate a slide down toward $1,820.
• Key Resistance: $2,396 and $2,450. Reclaiming the 7-day simple moving average at $2,396 is necessary to stabilize the market and attempt a recovery rally back toward the $2,500 psychological roof #ETH🔥🔥🔥🔥🔥🔥 #ontop