đź‘€ Possible scenario:
Ethereum is trading above $2,400 after a volatile stretch, showing resilience but lacking a clear breakout. CryptoQuant data shows strong accumulation by long-term holders during recent consolidation, suggesting solid support beneath the surface. However, weakening volume and macro risks still raise the chance of a pullback if support levels break.
Adding pressure, a whale entity recently moved over 62,000 ETH ($154M) to exchanges, with another $83M still in holding—posing a near-term sell-off risk. Traders now await a decisive move. A break above $2,500 could spark momentum, but caution remains as market sentiment stays mixed.
âś… Support and Resistance Levels
Support levels is now located at 2,400.00.
Now, the resistance level is located at 2,550.00.
Ethereum is trading above $2,400 after a volatile stretch, showing resilience but lacking a clear breakout. CryptoQuant data shows strong accumulation by long-term holders during recent consolidation, suggesting solid support beneath the surface. However, weakening volume and macro risks still raise the chance of a pullback if support levels break.
Adding pressure, a whale entity recently moved over 62,000 ETH ($154M) to exchanges, with another $83M still in holding—posing a near-term sell-off risk. Traders now await a decisive move. A break above $2,500 could spark momentum, but caution remains as market sentiment stays mixed.
âś… Support and Resistance Levels
Support levels is now located at 2,400.00.
Now, the resistance level is located at 2,550.00.
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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.
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.