$ETH is consolidating despite Bitcoin's stronger recovery. Price recently found local support around $2,250 but remains within a multi-day descending channel. The daily resistance near $2,380 is a critical level to monitor. Futures open interest has declined slightly following long liquidations, while funding remains steady. ETF flows and institutional demand remain important factors for the next directional move.
๐ Bias: Neutral | ๐ฏ Entry: $2,310โ$2,330 | ๐ก Support: $2,259 / $2,200 | ๐ง Resistance: $2,380 / $2,450 | ๐ฏ Targets: $2,380 / $2,420 / $2,480 | โ Invalidation: $2,240
Strategy: Monitor the support zone for a potential mean-reversion entry, while watching $2,380 for resistance confirmation.
#ETH #Ethereum #CryptoMarkets #Binance #TechnicalAnalysis
๐ Bias: Neutral | ๐ฏ Entry: $2,310โ$2,330 | ๐ก Support: $2,259 / $2,200 | ๐ง Resistance: $2,380 / $2,450 | ๐ฏ Targets: $2,380 / $2,420 / $2,480 | โ Invalidation: $2,240
Strategy: Monitor the support zone for a potential mean-reversion entry, while watching $2,380 for resistance confirmation.
#ETH #Ethereum #CryptoMarkets #Binance #TechnicalAnalysis
