📢 Ethereum $ETH – Latest Market Update & Insights.

Current Price: $ETH

ETH

1,993.09

+0.72%

is trading around $2,795–$2,840, showing signs of a breakout.

🔹 Key Level: The 0.5 Fibonacci resistance at $2,845 is being tested — a successful breakout could open the path to $3,148, and potentially $4,000 in the coming weeks.

📊 On-Chain Strength & Technical Indicators:

✅ Golden Cross: 50-day MA crossed above 200-day MA

✅ MACD bullish, RSI overbought (72) = strong upward pressure

✅ 57,649 ETH withdrawn from Binance & Kraken — likely long-term accumulation

✅ A whale opened a 4,000 ETH leveraged long (~$11M) — bullish institutional bet.

📈 $ETH Staking & ETF Growth Surging:

🔹 34.7M ETH staked on Beacon Chain (≈28.7% of total supply)

🔹 ETH Open Interest hits ATH at ~$41.5B

🔹 $125M+ ETF inflow on June 10 alone

🔹 Total ETH ETF Holdings: ~$3.5 Billion

📌 Key Levels to Watch for Binance Traders:

📍 Support: $2,650 – $2,750

📍 Resistance: $2,835 – $2,845 → Breakout target: $3,000–$4,000

📍 Caution: RSI is overheated — short-term pullback possible

#Ethereum #TradingSignals