🔥 ETHEREUM ETH JUST RECLAIMED THE 1H STRUCTURE
Ethereum is trading around $2,720, up 2.8%, after recovering from the $2,600 low.
The interesting part is the technical shift. ETH has now reclaimed the 1H MA(7) at $2,693.71, MA(25) at $2,682.94, and MA(99) at $2,715.52.
After the rejection from $2,807, ETH spent several sessions consolidating and absorbing selling pressure. Now buyers are pushing back above the entire 1H MA structure.
🏦 INSTITUTIONAL PICTURE
The ETF picture is also supporting the recovery. U.S. spot ETH ETFs recorded approximately $39.3M of net inflows on September 24, following $104.5M on September 23 and $162.2M on September 22.
Meanwhile, BitMine reported 5.98M ETH, representing about 4.9% of total ETH supply, with more than 5M ETH staked. The company also said it bought another 27,562 ETH during the week ending September 20.
So right now, the story is getting interesting: short-term momentum is recovering while institutional flows remain positive.
If ETH can hold above the $2,700–$2,715 area, the recent $2,743 high becomes the next test, followed by the bigger $2,807 resistance.
A failure back below the MA99 would weaken the recovery and bring the recent consolidation back into focus.
ETH isn't out of the woods yet but the structure is looking much healthier than it did yesterday.
#ETH #Ethereum #ETHUSDT #CryptoTrading $ETH
Ethereum is trading around $2,720, up 2.8%, after recovering from the $2,600 low.
The interesting part is the technical shift. ETH has now reclaimed the 1H MA(7) at $2,693.71, MA(25) at $2,682.94, and MA(99) at $2,715.52.
After the rejection from $2,807, ETH spent several sessions consolidating and absorbing selling pressure. Now buyers are pushing back above the entire 1H MA structure.
🏦 INSTITUTIONAL PICTURE
The ETF picture is also supporting the recovery. U.S. spot ETH ETFs recorded approximately $39.3M of net inflows on September 24, following $104.5M on September 23 and $162.2M on September 22.
Meanwhile, BitMine reported 5.98M ETH, representing about 4.9% of total ETH supply, with more than 5M ETH staked. The company also said it bought another 27,562 ETH during the week ending September 20.
So right now, the story is getting interesting: short-term momentum is recovering while institutional flows remain positive.
If ETH can hold above the $2,700–$2,715 area, the recent $2,743 high becomes the next test, followed by the bigger $2,807 resistance.
A failure back below the MA99 would weaken the recovery and bring the recent consolidation back into focus.
ETH isn't out of the woods yet but the structure is looking much healthier than it did yesterday.
#ETH #Ethereum #ETHUSDT #CryptoTrading $ETH
