Check Analytics Immediately Of $ETH
ETH
1,968.38
+1.01%
#Ethereum #TradeCryptosOnX #MarketRebound #TradeCryptosOnX #USNFPBlowout $ETH
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🚨 STOP! $ETH /USDT is preparing for a massive "God Candle" in the next 2 hours! 🚀
Technical Analysis: Why is Ethereum Moving Like This?
Market momentum for $ETH is currently shifting due to several pivotal factors. Ethereum has been consolidating near a major demand zone, and we are seeing a "squeeze" between the descending resistance and horizontal support.
Why the move?
Liquidity Hunt: ETH just swept the sell-side liquidity below the recent swing lows, trapping late shorters before a fast reversal.
Institutional Accumulation: On-chain data indicates significant exchange outflows, suggesting whales are moving $ETH to private wallets for long-term holding.
Network Activity: With Layer 2 volume hitting all-time highs, the burn rate of ETH is increasing, creating deflationary pressure.
Next 2 to 3 Hours Prediction: 📈
The 1H chart shows a Bullish Divergence on the RSI. If ETH reclaims the $2,850 level and holds it as support, we will likely see a rapid push toward the $2,920 resistance zone within this session.
Strategy Prediction: Bullish 🐂
The trend remains your friend as long as we hold the local support level. My bias is strongly bullish for a short-term recovery rally.
Entry points 👉 $2,070 – $2,075
TP 1: $2,085 🎯
TP 2: $2,095 🎯
TP 3: $2,100 + 🚀
STOP-LOSS: $2,030 🛑 DYOR
#Ethereum #ETH #TradeCryptosOnX #MarketRebound #USNFPBlowout
{spot}(ETHUSDT)
Technical Analysis: Why is Ethereum Moving Like This?
Market momentum for $ETH is currently shifting due to several pivotal factors. Ethereum has been consolidating near a major demand zone, and we are seeing a "squeeze" between the descending resistance and horizontal support.
Why the move?
Liquidity Hunt: ETH just swept the sell-side liquidity below the recent swing lows, trapping late shorters before a fast reversal.
Institutional Accumulation: On-chain data indicates significant exchange outflows, suggesting whales are moving $ETH to private wallets for long-term holding.
Network Activity: With Layer 2 volume hitting all-time highs, the burn rate of ETH is increasing, creating deflationary pressure.
Next 2 to 3 Hours Prediction: 📈
The 1H chart shows a Bullish Divergence on the RSI. If ETH reclaims the $2,850 level and holds it as support, we will likely see a rapid push toward the $2,920 resistance zone within this session.
Strategy Prediction: Bullish 🐂
The trend remains your friend as long as we hold the local support level. My bias is strongly bullish for a short-term recovery rally.
Entry points 👉 $2,070 – $2,075
TP 1: $2,085 🎯
TP 2: $2,095 🎯
TP 3: $2,100 + 🚀
STOP-LOSS: $2,030 🛑 DYOR
#Ethereum #ETH #TradeCryptosOnX #MarketRebound #USNFPBlowout
{spot}(ETHUSDT)
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