📉 Are You Missing the Potential Reversal in $ETH Below $2,300?
ETH is currently trading at $2,181, down 5.57% this week amid increasing selling pressure. ETFs saw record outflows of $103 million in a single day, ending a 4-day inflow streak.
Trade Plan:
· Entry: $2,150 – $2,180
· TP1: $2,260 (+5%)
· TP2: $2,340 (+8%)
· Stop Loss: $2,100 (Risk-to-Reward Ratio 1:2)
The Catalysts & Risks: Whale Gareth Jin deposited 244,000 ETH into Binance over 3 days, creating selling pressure. However, the Fear & Greed Index sits at 48 (Neutral), down from 52, leaving room for a bounce. ETH/BTC is at its lowest, but extreme outflows often create local bottoms. A break below $2,100 could send ETH toward $2,000, while reclaiming $2,300 would revive bullish momentum.
What do you think of $ETH at these levels? 👇
Click here to trade $ETH
ETH is currently trading at $2,181, down 5.57% this week amid increasing selling pressure. ETFs saw record outflows of $103 million in a single day, ending a 4-day inflow streak.
Trade Plan:
· Entry: $2,150 – $2,180
· TP1: $2,260 (+5%)
· TP2: $2,340 (+8%)
· Stop Loss: $2,100 (Risk-to-Reward Ratio 1:2)
The Catalysts & Risks: Whale Gareth Jin deposited 244,000 ETH into Binance over 3 days, creating selling pressure. However, the Fear & Greed Index sits at 48 (Neutral), down from 52, leaving room for a bounce. ETH/BTC is at its lowest, but extreme outflows often create local bottoms. A break below $2,100 could send ETH toward $2,000, while reclaiming $2,300 would revive bullish momentum.
What do you think of $ETH at these levels? 👇
Click here to trade $ETH