Ethereum Update — $ETH Trades Above $3K Amid Mixed Signals
Current Price: $3,064
Short-term bullish momentum as ETH holds above $3,000 support.
ETHUSDT
Prep
3,029.43
+1.55%
Key EMAs: 10-day at $3,002.5, 20-day at $3,030.7
Overhead resistance: 50-day SMA at $3,161, extending to $3,450
ETF outflows: $555M from ETH ETFs last week, weighing on sentiment
Institutional holdings: Bitmine added 98,852 ETH this week, now holding 4,066,062 ETH (~3.37% of total supply)
Technical Outlook:
Support zones: $2,700 – $2,623; below $2,250 if breakdown occurs
Resistance zones: $3,161 – $3,450; a breakout above $3,450 opens the path to $3,918
Short-term momentum looks positive, but broader market sentiment is mixed. Watch key levels closely for continuation or reversal.
SOLUSDT
Prep
126.69
+0.49%
BTCUSDT
Prep
89,213.7
+0.94%