ETH Update: The $2,100 Reclaim! 🚀
Ethereum has officially crossed the $2,100 milestone as of 03:56 AM (UTC) today, trading at $2,101.64. This narrowed 0.98% gain marks a significant moment as the bulls attempt to turn this previous hurdle into support.
The Technical Snapshot 📈
* Immediate Resistance: Watch for hurdles at $2,120 and the 100-hourly SMA.
* The Path to $2,350: A clear break above $2,240 could ignite a fresh rally toward $2,350–$2,550.
* Safety Net: The $2,000 psychological level is now a critical floor. A dip below $1,880 would flip the script back to bearish.
Why It’s Moving 🌊
Despite Vitalik Buterin reportedly moving 2,961 ETH earlier today, the market's "Buy the Dip" energy remains strong. However, high funding rates (0.049%) suggest a heavy concentration of leveraged long positions—making the market sensitive to sudden price swings.
Are you riding this breakout or waiting for a $2,000 re-test? 👇
#Ethereum #ETH #Breakout #CryptoNews #BinanceSquare