ETH is back testing the $2,100 area again. Been a slow grind lower the last couple weeks with the spot ETF outflows continuing (another ~$180M out yesterday) and the broader market just not feeling very enthusiastic.
BitMine keeps stacking (added another ~9.5k ETH, now sitting on over 6M) while an Ethereum Foundation-linked wallet sold 1k earlier. Mixed signals as usual. RSI is sitting around 31-33 on the daily not fully washed out yet but getting there.
Holding this $2,080–$2,100 zone would be nice. Lose it cleanly and $2,050 then the $2,000 psych level come into play pretty quickly. On the flip side, a reclaim and hold above $2,150–$2,165 would start looking better for a short-term bounce.
Still feel like the bigger picture is okay longer term with the staking numbers and institutional interest, but short-term the tape is heavy. Watching this level closely.
What are you guys doing with ETH here?
Trade suggestion (not financial advice)
Bias: Cautious long / mean-reversion play near current support.
Entry zone: $2,080 – $2,105
Stop loss: Below $2,050 (or tighter under $2,070 if you want less risk)
Targets: $2,165 → $2,220–$2,250 (first resistance area)
Invalidation: Daily close under $2,050 opens the door to $2,000
Only a small position size makes sense right now because the trend is still down and ETF flows are negative. A cleaner entry would be waiting for a reclaim of $2,150 with volume. This is high-risk short-term trading manage size accordingly.
$ETH
BitMine keeps stacking (added another ~9.5k ETH, now sitting on over 6M) while an Ethereum Foundation-linked wallet sold 1k earlier. Mixed signals as usual. RSI is sitting around 31-33 on the daily not fully washed out yet but getting there.
Holding this $2,080–$2,100 zone would be nice. Lose it cleanly and $2,050 then the $2,000 psych level come into play pretty quickly. On the flip side, a reclaim and hold above $2,150–$2,165 would start looking better for a short-term bounce.
Still feel like the bigger picture is okay longer term with the staking numbers and institutional interest, but short-term the tape is heavy. Watching this level closely.
What are you guys doing with ETH here?
Trade suggestion (not financial advice)
Bias: Cautious long / mean-reversion play near current support.
Entry zone: $2,080 – $2,105
Stop loss: Below $2,050 (or tighter under $2,070 if you want less risk)
Targets: $2,165 → $2,220–$2,250 (first resistance area)
Invalidation: Daily close under $2,050 opens the door to $2,000
Only a small position size makes sense right now because the trend is still down and ETF flows are negative. A cleaner entry would be waiting for a reclaim of $2,150 with volume. This is high-risk short-term trading manage size accordingly.
$ETH
