$ETH
*Current Price:* ETH trading around *$2,650 - $2,711* today. Up +2.55% in last 24h after dipping to $2,650 yesterday. 04545380
*What is happening:*
- *Short-term weak:* $ETH is below its 20, 50 and 100 EMA on 2-hour chart. 1H RSI near 32 - showing short-term fatigue. Daily RSI is 58 but MACD turned negative.
- *Key Levels:*
- Support: $2,640 then $2,610- $2,625
- Resistance: $2,680 - $2,700. If ETH reclaims $2,800, next leg up to $3,050 possible. If breaks $2,544, risk down to $2,350
- *Why the dip:* Not ETH specific. Total crypto market cap fell 4.3% to $2.84T. High US Treasury yields, oil at $106+, US-Iran tension and Fed hike fears are pressuring risk assets. BTC dominance ∼58.7% - money not rotating to alts yet.
- *Positive side:* Spot $ETH TH ETFs got $689M inflow last week, and treasury firm BitMine bought 17k ETH, now holding 6M+ ETH (∼$16B). Ethereum's Glamsterdam upgrade is in testing today. 045480f847e6
*Summary:* ETH is in a consolidation / pullback, not a crash. Holding above $2,640 is critical. Bulls need $2,800 reclaim for rally to $3k
#StrategyAdds1666BTCHoldingsReach847666 #EarningsSeason AMDToAcquireWorldLabsFor$8.2B
Not financial advice.
*Current Price:* ETH trading around *$2,650 - $2,711* today. Up +2.55% in last 24h after dipping to $2,650 yesterday. 04545380
*What is happening:*
- *Short-term weak:* $ETH is below its 20, 50 and 100 EMA on 2-hour chart. 1H RSI near 32 - showing short-term fatigue. Daily RSI is 58 but MACD turned negative.
- *Key Levels:*
- Support: $2,640 then $2,610- $2,625
- Resistance: $2,680 - $2,700. If ETH reclaims $2,800, next leg up to $3,050 possible. If breaks $2,544, risk down to $2,350
- *Why the dip:* Not ETH specific. Total crypto market cap fell 4.3% to $2.84T. High US Treasury yields, oil at $106+, US-Iran tension and Fed hike fears are pressuring risk assets. BTC dominance ∼58.7% - money not rotating to alts yet.
- *Positive side:* Spot $ETH TH ETFs got $689M inflow last week, and treasury firm BitMine bought 17k ETH, now holding 6M+ ETH (∼$16B). Ethereum's Glamsterdam upgrade is in testing today. 045480f847e6
*Summary:* ETH is in a consolidation / pullback, not a crash. Holding above $2,640 is critical. Bulls need $2,800 reclaim for rally to $3k
#StrategyAdds1666BTCHoldingsReach847666 #EarningsSeason AMDToAcquireWorldLabsFor$8.2B
Not financial advice.
