👀 Possible scenario:
Ethereum is trading at $2,6K., up 3.06%, though analysts warn of a short-term pullback as resistance builds near $2.5K. A $262M transfer by co-founder Jeffrey Wilcke to Kraken on May 20 briefly sparked sell-off fears, but concerns were quickly dismissed.
Despite recent gains, ETH faced selling pressure and a potential death cross, prompting speculation. CryptoQuant notes rising volume at key levels suggests continued consolidation before any breakout. Long-term outlook stays bullish: ETH on exchanges fell to a 10-year low of 4.9%, whales added 450,000 ETH since late April, and institutional inflows hit $205M last week following the Pectra upgrade.
✅Support and Resistance Levels
Support level is now located at 2385.00.
Now, the resistance level is located at 2,695.00.
Ethereum is trading at $2,6K., up 3.06%, though analysts warn of a short-term pullback as resistance builds near $2.5K. A $262M transfer by co-founder Jeffrey Wilcke to Kraken on May 20 briefly sparked sell-off fears, but concerns were quickly dismissed.
Despite recent gains, ETH faced selling pressure and a potential death cross, prompting speculation. CryptoQuant notes rising volume at key levels suggests continued consolidation before any breakout. Long-term outlook stays bullish: ETH on exchanges fell to a 10-year low of 4.9%, whales added 450,000 ETH since late April, and institutional inflows hit $205M last week following the Pectra upgrade.
✅Support and Resistance Levels
Support level is now located at 2385.00.
Now, the resistance level is located at 2,695.00.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.