📈 Market Overview
Ethereum ($ETH ) is trading near $1,560, continuing to face selling pressure after a weak month. ETH has fallen more than 20% over the last month due to ETF outflows and cautious market sentiment. �
Fortune +1
Despite the recent decline, institutional investors are still accumulating ETH. BitMine recently purchased approximately $92 million worth of ETH, signaling long-term confidence. �
CoinDesk +1
Analysts remain divided on ETH's outlook. Some expect Ethereum to continue underperforming Bitcoin in the short term, while others see current prices as a potential accumulation zone. �
crypto.news +1
📊 Technical Outlook
Resistance: $1,600 – $1,700
Support: $1,500 – $1,400
Short-term Trend: Bearish to Neutral 📉
A move above $1,700 could improve bullish sentiment, while a break below $1,500 may lead to further downside pressure. �
BeInCrypto +1
💡 Trading Strategy
✅ Bullish Scenario: Consider buying only after a confirmed breakout above resistance with strong.$ETH
