**ETH update — my honest read**
Okay so ETH's been sitting between $2,530 and $2,690 this week. Just bounced off $2,495 and climbed back over the 50-day average, third green day in a row. Not huge, but it's something.
$2,700 is the wall right now. It's rejected price a few times since that $2,800 high back in September. If we break it with real volume, $2,800 then $3,000 aren't crazy targets.
Downside, keep an eye on $2,445. That's where the 50-day EMA and Supertrend line up. Lose that and we probably drift to $2,281.
One thing I'm actually watching more than price though — Glamsterdam. Next upgrade after Fusaka, just hit testnet this month. It's changing how blocks get built on Ethereum, pretty core stuff. Supposed to land Q4 but there's a lot still being argued over so I wouldn't bet on that date.
My take — range-bound for now, $2,445 to $2,700, nothing crazy happening until it breaks one way. Glamsterdam's the real wildcard for year-end.
Okay so ETH's been sitting between $2,530 and $2,690 this week. Just bounced off $2,495 and climbed back over the 50-day average, third green day in a row. Not huge, but it's something.
$2,700 is the wall right now. It's rejected price a few times since that $2,800 high back in September. If we break it with real volume, $2,800 then $3,000 aren't crazy targets.
Downside, keep an eye on $2,445. That's where the 50-day EMA and Supertrend line up. Lose that and we probably drift to $2,281.
One thing I'm actually watching more than price though — Glamsterdam. Next upgrade after Fusaka, just hit testnet this month. It's changing how blocks get built on Ethereum, pretty core stuff. Supposed to land Q4 but there's a lot still being argued over so I wouldn't bet on that date.
My take — range-bound for now, $2,445 to $2,700, nothing crazy happening until it breaks one way. Glamsterdam's the real wildcard for year-end.