#EthereumSurpasses2500USDT
Ethereum Breaks Above 2500 USDT – Buyers Take Back Crucial Support!
The Ethereum token is above the $2500 USDT level once again despite the difficult sell-off week.
As per Binance Market Data on Oct 9-10, $ETH is currently trading at $2507.29 having crossed $2500.05 at 11:34 AM UTC with 24H High at $2517.55 and 24H Low at $2474.34. Current gains are +0.67% with $ETH having narrowed from the -3.11% decline recorded earlier.
Why the move? On Oct 8, ETH dipped to $2408.61 level amid $356M liquidations and $486M ETF outflows within 4 sessions.
However, the CVD divergence became positive from -4.24M to -4.08M indicating reduced selling pressure.
$ETH managed to retake Point of Control at $2410 and $2440 order block level thus pushing back above $2500 psychologically important level.
Technical Analysis: Holding above $2500 is crucial. Break above clears path towards $2807 target , with immediate resistance levels at $2569 (Bollinger mid) and $2764 (Daily Supertrend).
Failure might result in a test of $2400.
ETH market capitalization is at $305.5B. Momentum is shifting.
Is this the beginning of the Q4 rebound?
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum #TechnicalAnalysiss
Note:DYOR
it,s a not financial advice .
Ethereum Breaks Above 2500 USDT – Buyers Take Back Crucial Support!
The Ethereum token is above the $2500 USDT level once again despite the difficult sell-off week.
As per Binance Market Data on Oct 9-10, $ETH is currently trading at $2507.29 having crossed $2500.05 at 11:34 AM UTC with 24H High at $2517.55 and 24H Low at $2474.34. Current gains are +0.67% with $ETH having narrowed from the -3.11% decline recorded earlier.
Why the move? On Oct 8, ETH dipped to $2408.61 level amid $356M liquidations and $486M ETF outflows within 4 sessions.
However, the CVD divergence became positive from -4.24M to -4.08M indicating reduced selling pressure.
$ETH managed to retake Point of Control at $2410 and $2440 order block level thus pushing back above $2500 psychologically important level.
Technical Analysis: Holding above $2500 is crucial. Break above clears path towards $2807 target , with immediate resistance levels at $2569 (Bollinger mid) and $2764 (Daily Supertrend).
Failure might result in a test of $2400.
ETH market capitalization is at $305.5B. Momentum is shifting.
Is this the beginning of the Q4 rebound?
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum #TechnicalAnalysiss
Note:DYOR
it,s a not financial advice .