đź‘€ Possible scenario:
Ethereum is holding above the key $2,400 level, trading at $2,450, despite a 7.45% drop over the past 30 days and a 5% weekly loss. Staying above this support keeps ETH within the range it’s held since early May.
On-chain data shows strong accumulation: whales bought 1 million ETH on June 16 — the biggest daily purchase since 2018. Spot ETFs also saw $232.4M in inflows over three days, signaling rising retail interest. While Q3 is typically weak for ETH, current momentum suggests bullish potential. A firm move above $2,400 could set the stage for a test of the range highs.
âś… Support and Resistance Levels
Support levels are now located at 2,110.00 and 2,400.00.
Now, the resistance level is located at 2,550.00.
Ethereum is holding above the key $2,400 level, trading at $2,450, despite a 7.45% drop over the past 30 days and a 5% weekly loss. Staying above this support keeps ETH within the range it’s held since early May.
On-chain data shows strong accumulation: whales bought 1 million ETH on June 16 — the biggest daily purchase since 2018. Spot ETFs also saw $232.4M in inflows over three days, signaling rising retail interest. While Q3 is typically weak for ETH, current momentum suggests bullish potential. A firm move above $2,400 could set the stage for a test of the range highs.
âś… Support and Resistance Levels
Support levels are now located at 2,110.00 and 2,400.00.
Now, the resistance level is located at 2,550.00.
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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.