๐ช Ethereum clears $2,500 as staking tightens supply
ETH is breaking key levels while record staking offsets ETF selling.
ETH traded near $2,518, up 5.8%, after reclaiming its 20-day and 50-day EMAs. ๐ช Record staking hit 43.8M ETH, helping shrink liquid supply even as U.S. spot ether ETFs saw $1.08B in October outflows.
Traders are watching for a daily close above $2,500. ๐ Above that, $2,578 and $2,650 to $2,700 come into play. โ ๏ธ A drop below $2,482 risks a fade back toward $2,450. #Crypto #ETH #Ethereum
$MAGMA
$ETH
ETH is breaking key levels while record staking offsets ETF selling.
ETH traded near $2,518, up 5.8%, after reclaiming its 20-day and 50-day EMAs. ๐ช Record staking hit 43.8M ETH, helping shrink liquid supply even as U.S. spot ether ETFs saw $1.08B in October outflows.
Traders are watching for a daily close above $2,500. ๐ Above that, $2,578 and $2,650 to $2,700 come into play. โ ๏ธ A drop below $2,482 risks a fade back toward $2,450. #Crypto #ETH #Ethereum
$MAGMA
$ETH