ETH is around $2.7K, with the $2,750–$2,820 region repeatedly acting as resistance. �
UseTheBitcoin +1
Your proposed $2,720 SL sits below that broader resistance zone, so a move above $2,720 would not necessarily mean the larger resistance area has been decisively broken.
On the downside, $2,600–$2,660 is being identified as an important near-term support area. �
UseTheBitcoin
There is also substantial institutional demand: U.S. spot ETH ETFs recorded about $483M of net inflows over the latest seven-day period available, which can provide support against a sharp decline. �
OpenLiquid
Reuters reported that ETH had broken above $2,661.52 earlier in September and described the broader technical structure as potentially bullish, while noting $2,560–$2,565 as an important downside level. �
Reuters
The key point: a rejection from resistance could produce a pullback, but “Monday = sharp dump” isn't something the available data establishes. ETH's recent structure still has higher-timeframe bullish elements, so a short thesis has meaningful invalidation risk.
Also, 50× leverage is extremely risky: a relatively small adverse move can cause a very large loss or liquidation. For learning purposes, it's safer to analyze the setup without placing a leveraged position.
#SECSaysTokenBuybacksNotAutoSecurities #StrategyStriveAdd2305BitcoinThisWeek $AAPLB
UseTheBitcoin +1
Your proposed $2,720 SL sits below that broader resistance zone, so a move above $2,720 would not necessarily mean the larger resistance area has been decisively broken.
On the downside, $2,600–$2,660 is being identified as an important near-term support area. �
UseTheBitcoin
There is also substantial institutional demand: U.S. spot ETH ETFs recorded about $483M of net inflows over the latest seven-day period available, which can provide support against a sharp decline. �
OpenLiquid
Reuters reported that ETH had broken above $2,661.52 earlier in September and described the broader technical structure as potentially bullish, while noting $2,560–$2,565 as an important downside level. �
Reuters
The key point: a rejection from resistance could produce a pullback, but “Monday = sharp dump” isn't something the available data establishes. ETH's recent structure still has higher-timeframe bullish elements, so a short thesis has meaningful invalidation risk.
Also, 50× leverage is extremely risky: a relatively small adverse move can cause a very large loss or liquidation. For learning purposes, it's safer to analyze the setup without placing a leveraged position.
#SECSaysTokenBuybacksNotAutoSecurities #StrategyStriveAdd2305BitcoinThisWeek $AAPLB
