Some one can tell me as is it true that is shown??🤔$ETH
#EthereumETFApprovalExpectations
Ethereum is trading around $2,680, down about 2.8% after getting turned away near $2,789 in an attempt to break the psychological $2,800 level. Despite the pullback, ETH is still up roughly 70% since its late-June low — this is a shallow retrace within a strong bullish trend, not a reversal.
Trend: Strong uptrend since late June; today's move is a pullback from resistance, not a trend change. Flows: Spot ETH ETFs saw $432M in inflows, and on-chain data shows whales accumulating during the dip. Leverage check: Open interest has grown much slower (+60%) than price (+70%), meaning this rally isn't overly leveraged — a healthier setup than a purely speculative spike. Key levels:
Resistance: $2,710 (near-term) → $2,789 → $2,800 (the level to watch) Support: $2,648 (today's session low) → $2,550
Bias: Bullish trend intact above $2,550–2,648. Reclaiming $2,710 puts the $2,789–$2,800 retest back on the table; losing $2,648 would open a deeper pullback toward $2,550
#EthereumETFApprovalExpectations
Ethereum is trading around $2,680, down about 2.8% after getting turned away near $2,789 in an attempt to break the psychological $2,800 level. Despite the pullback, ETH is still up roughly 70% since its late-June low — this is a shallow retrace within a strong bullish trend, not a reversal.
Trend: Strong uptrend since late June; today's move is a pullback from resistance, not a trend change. Flows: Spot ETH ETFs saw $432M in inflows, and on-chain data shows whales accumulating during the dip. Leverage check: Open interest has grown much slower (+60%) than price (+70%), meaning this rally isn't overly leveraged — a healthier setup than a purely speculative spike. Key levels:
Resistance: $2,710 (near-term) → $2,789 → $2,800 (the level to watch) Support: $2,648 (today's session low) → $2,550
Bias: Bullish trend intact above $2,550–2,648. Reclaiming $2,710 puts the $2,789–$2,800 retest back on the table; losing $2,648 would open a deeper pullback toward $2,550
