ETHEREUM TECHNICAL UPDATE 📊
ETH/USDT $2,475 -2.34%
After a massive +31.32% rally in 30 days, ETH is now cooling off.
KEY LEVELS:
Resistance: $2,540 → $2,680
Support: $2,369 - CRITICAL
Next Target if bounce: $2,600
WHAT'S HAPPENING:
1. Profit booking after $2,680 rejection
2. 30D: +31% | 90D: +49% - Bulls still in control
3. 24H Volume: $4.54B - Healthy liquidity
SCENARIOS:
🟢 Bullish: Hold $2,369 → Rally to $2,540 → $2,600
🔴 Bearish: Break $2,369 → Drop to $2,300 → $2,240
CONTEXT:
Hot CPI + 4.61% 2Y Yield = Rate hike pressure on all alts
But ETH is holding better than most.
TRADE PLAN:
Spot Buyers: Watch $2,369 - $2,400 zone
Invalidation: Daily close below $2,369
Targets: $2,520 → $2,600 if support holds
Will ETH defend $2,369 or dump more? 👇
#ETH #Ethereum #TechnicalAnalysis #Support #Crypto #BinanceSquare #Altcoins
ETH/USDT $2,475 -2.34%
After a massive +31.32% rally in 30 days, ETH is now cooling off.
KEY LEVELS:
Resistance: $2,540 → $2,680
Support: $2,369 - CRITICAL
Next Target if bounce: $2,600
WHAT'S HAPPENING:
1. Profit booking after $2,680 rejection
2. 30D: +31% | 90D: +49% - Bulls still in control
3. 24H Volume: $4.54B - Healthy liquidity
SCENARIOS:
🟢 Bullish: Hold $2,369 → Rally to $2,540 → $2,600
🔴 Bearish: Break $2,369 → Drop to $2,300 → $2,240
CONTEXT:
Hot CPI + 4.61% 2Y Yield = Rate hike pressure on all alts
But ETH is holding better than most.
TRADE PLAN:
Spot Buyers: Watch $2,369 - $2,400 zone
Invalidation: Daily close below $2,369
Targets: $2,520 → $2,600 if support holds
Will ETH defend $2,369 or dump more? 👇
#ETH #Ethereum #TechnicalAnalysis #Support #Crypto #BinanceSquare #Altcoins
