$ETH — Major test of demand, strengthening of the fundamental floor.
Long $ETH
Entry: 2310 – 2405
SL: 2070
TP1: 2750
TP2: 3007
TP3: 3572
ETH is currently retracing towards a high confluence demand zone defined by a Fair Value Gap (FVG) and a Breaker Block (BB) on the daily timeframe. While the broader market has seen over 327 million dollars in net outflows from spot ETFs this week, institutional "smart money" continues to accumulate, with companies like BitMine making aggressive purchases of 116 million dollars at these levels. Technically, the range of $2,300 to $2,400 has historically acted as a primary accumulation site, and the upcoming Glamsterdam upgrade—set to increase throughput to 10,000 TPS—remains a huge fundamental catalyst for the next leg. As long as the structural floor of $2,070 holds, we expect this dip to be absorbed before a push towards the psychological resistance of $3,000.
Trade $ETH here 👇
