Ethereum / Tether
Long

DeGRAM | ETHUSD held the trend line

87
📊 Technical Analysis
● Price just printed a long-tailed rebound on the 4-month purple up-trend and the 2 520-2 560 demand strip, also reclaiming a broken pennant base—confirming a fake breakdown and locking the zone as fresh support.
● A higher-low sequence is compressing against the descending 2 650 trend cap; a 4 h close above it activates the 2 723 horizontal target and projects the channel-median swing toward 2 865.

💡 Fundamental Analysis
● Net staking deposits keep outpacing withdrawals while CME ether futures open-interest hit a six-week high, signalling renewed institutional hedging ahead of the spot-ETF ruling and supporting upside bias.

Summary
Buy 2 540-2 580; clearance of 2 650 aims 2 723, stretch 2 865. Invalidate below 2 450.

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