Ether Futures
Short

Ethereum Approaches $2,908 as Bullish Momentum Fades

10
Ethereum remains bullish, trading near $2,796 and approaching monthly resistance at $2,908. Stochastic shows an overbought reading of 81.0, suggesting short-term buying exhaustion.

Bearish Scenario: A pullback toward $2,651 is likely if $2,908 holds. Extended selling pressure could lead to a test of the anchored VWAP near $2,500.

Bullish scenario: A confirmed breakout above $2,908 would likely extend the rally toward $3,260.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.