📉 ETH Under Pressure | JPMorgan Boosts Long-Term Confidence
Ethereum faces a critical technical test after a weak week:
24h: -6%
7d: -9%
Pressure driven by macro uncertainty, risk-off sentiment, and liquidations
🏦 Institutional Spotlight
JPMorgan launches its first tokenized money market fund on Ethereum, seeded with $100M
Reinforces Ethereum’s role as a settlement layer for traditional finance
Signals continued institutional confidence despite market stress
📊 Technical Outlook
Daily chart: 100-day EMA near crossing below 200-day EMA → weakening momentum
Key support: $2,910
Conditional upside: $3,240 → reclaiming this eases downside pressure
Potential downside if support fails: $2,710 → $2,620
On-Chain Insight
% of ETH addresses in profit at lowest since early December → selling pressure may be near exhaustion
Ethereum is at a crossroads: near-term technical weakness vs. long-term institutional optimism.
$ETH | Monitor key levels closely
#Ethereum #CryptoTrading #ETH #BREAKING #Macro
