🔥 ETHEREUM NFP JUST CHANGED THE SETUP
ETH is holding around $2,750 after the US jobs report came in much weaker than expected.
🇺🇸 NFP: +29K
📊 Forecast: +90K
📈 Unemployment: 4.2%
That’s a major miss.
A softer labor market can reduce pressure for further Fed tightening, which is helping risk assets. Gold also jumped after the release as the dollar and rate expectations eased.
Now look at ETH technically
MA7: $2,747.68
MA25: $2,717.86
MA99: $2,695.96
ETH is still trading above all three 1H moving averages, keeping the short-term structure bullish.
But there’s one level I’m watching closely:
🎯 $2,777
That’s today’s high and the immediate breakout resistance.
If ETH breaks and HOLDS above $2,777, the next psychological battle is the $2,800 area.
If price gets rejected again, I’d rather see a pullback toward the MA zone before assuming the breakout is real.
NFP gave the bulls a macro tailwind.
Now ETH needs to prove it on the chart. 🔥
#ETH #Ethereum #ETHUSDT #NFP #Crypto $ETH
ETH is holding around $2,750 after the US jobs report came in much weaker than expected.
🇺🇸 NFP: +29K
📊 Forecast: +90K
📈 Unemployment: 4.2%
That’s a major miss.
A softer labor market can reduce pressure for further Fed tightening, which is helping risk assets. Gold also jumped after the release as the dollar and rate expectations eased.
Now look at ETH technically
MA7: $2,747.68
MA25: $2,717.86
MA99: $2,695.96
ETH is still trading above all three 1H moving averages, keeping the short-term structure bullish.
But there’s one level I’m watching closely:
🎯 $2,777
That’s today’s high and the immediate breakout resistance.
If ETH breaks and HOLDS above $2,777, the next psychological battle is the $2,800 area.
If price gets rejected again, I’d rather see a pullback toward the MA zone before assuming the breakout is real.
NFP gave the bulls a macro tailwind.
Now ETH needs to prove it on the chart. 🔥
#ETH #Ethereum #ETHUSDT #NFP #Crypto $ETH