Why is $ETH stuck below $2,550 even after its best week of the year?
ETH ripped from around $1,900 to above $2,500 in late August, its strongest move this cycle, briefly overtaking Bitcoin on cycle-high structure. But sellers have rejected two attempts to clear $2,550 — it lines up with the 50-week moving average, making it a profit-taking magnet rather than a level bulls just walk through.
Scenarios
Bull: hold $2,438 support, clear $2,550 on volume → $2,800–$2,920
Bear: lose $2,438 → exposes Supertrend near $2,220, risks retest of $2,000
🚨⚠️Risk: fading volume + a $102M leveraged long liquidating near $2,241. Weekly close below $2,438 invalidates the bullish case.
Watch $2,438 this week, not $2,550 — holding it matters more than chasing the breakout.
$ETH
#creatorpad
#writetoearn
ETH ripped from around $1,900 to above $2,500 in late August, its strongest move this cycle, briefly overtaking Bitcoin on cycle-high structure. But sellers have rejected two attempts to clear $2,550 — it lines up with the 50-week moving average, making it a profit-taking magnet rather than a level bulls just walk through.
Scenarios
Bull: hold $2,438 support, clear $2,550 on volume → $2,800–$2,920
Bear: lose $2,438 → exposes Supertrend near $2,220, risks retest of $2,000
🚨⚠️Risk: fading volume + a $102M leveraged long liquidating near $2,241. Weekly close below $2,438 invalidates the bullish case.
Watch $2,438 this week, not $2,550 — holding it matters more than chasing the breakout.
$ETH
#creatorpad
#writetoearn