ETH is doing something I wouldn’t ignore here.
$ETH has broken out of its recent consolidation and is now testing the $2.8K area. Reuters’ technical read puts the next consolidation zone around $2,775–$2,825, while the breakout structure stays healthier above roughly $2,560–$2,665.
What makes this more interesting: ETH withdrawals from #Binance have accelerated sharply, with the monthly average reportedly above 90K transactions: a 3year high. That can indicate coins moving away from immediately tradable exchange supply, although withdrawals alone don’t guarantee higher prices.
My setup is simple:
Above $2,825: I’m watching whether momentum can expand toward $3K.
Back below $2,665: the breakout starts looking much less convincing.
After the recent run, I’m not chasing candles. The reaction around $2.8K is the trade information I want.
$ETH is worth keeping open on the chart tonight.
$ETH has broken out of its recent consolidation and is now testing the $2.8K area. Reuters’ technical read puts the next consolidation zone around $2,775–$2,825, while the breakout structure stays healthier above roughly $2,560–$2,665.
What makes this more interesting: ETH withdrawals from #Binance have accelerated sharply, with the monthly average reportedly above 90K transactions: a 3year high. That can indicate coins moving away from immediately tradable exchange supply, although withdrawals alone don’t guarantee higher prices.
My setup is simple:
Above $2,825: I’m watching whether momentum can expand toward $3K.
Back below $2,665: the breakout starts looking much less convincing.
After the recent run, I’m not chasing candles. The reaction around $2.8K is the trade information I want.
$ETH is worth keeping open on the chart tonight.
