$2,300 is the line everyone is watching on $ETH — and it's knocking on it again. ⚡
Quick facts (Nov 2, morning UTC):
• Price: ~$2,270–$2,292, +1.2% in 24h — recovered from Friday's close at $2,243.75
• Resistance: $2,30
0 / $2,390 / $2,470 — support at $2,200 / $2,100 / $2,000
• Needs a clean break above $2,330 to extend the recovery — Polymarket gives 92% odds ETH touches $2,300 sometime in November
• Caution flag: spot ETH ETFs have logged 5 straight outflow sessions, about $156M on Oct 30 alone — institutions are still cautious
The setup (breakout confirmation):
• Entry: an hourly close above $2,300 — OR a pullback into $2,250–$2,270
• Stop-loss: below $2,190 — a daily close below $2,200 kills the thesis
• Target 1: $2,390 (weekly resistance)
• Target 2: $2,470 (next resistance cluster)
• Invalidation: daily close below $2,200
The risk: the ETF outflow streak says smart money hasn't returned yet. If BTC stalls under $79K, ETH won't break $2,300 on its own.
Educational setup, not financial advice — always manage your risk.
#Ethereum
Where would YOU place your stop-loss on this one?
Quick facts (Nov 2, morning UTC):
• Price: ~$2,270–$2,292, +1.2% in 24h — recovered from Friday's close at $2,243.75
• Resistance: $2,30
0 / $2,390 / $2,470 — support at $2,200 / $2,100 / $2,000
• Needs a clean break above $2,330 to extend the recovery — Polymarket gives 92% odds ETH touches $2,300 sometime in November
• Caution flag: spot ETH ETFs have logged 5 straight outflow sessions, about $156M on Oct 30 alone — institutions are still cautious
The setup (breakout confirmation):
• Entry: an hourly close above $2,300 — OR a pullback into $2,250–$2,270
• Stop-loss: below $2,190 — a daily close below $2,200 kills the thesis
• Target 1: $2,390 (weekly resistance)
• Target 2: $2,470 (next resistance cluster)
• Invalidation: daily close below $2,200
The risk: the ETF outflow streak says smart money hasn't returned yet. If BTC stalls under $79K, ETH won't break $2,300 on its own.
Educational setup, not financial advice — always manage your risk.
#Ethereum
Where would YOU place your stop-loss on this one?
