⚠️ Reversal Starts Here ❗❕ ❗❕ ❗❕
$ETH finally bounced off 1,596 — but the real test is still ahead. I'm watching this one closely.
Key Levels
C: Price: 1,696.06
R: 1,725.00
S: 1,596.14
Entry: 1,650–1,696
SL: 1,596
TP1: 1,725
TP2: 1,770
TP3: 1,820
Leverage: ≤100x
LONG Trigger: 4H close above 1,725 + retest hold
The Ethereum Foundation deposited 4,938 ETH worth $7.86M into Lido Finance on June 30 as part of its treasury rebalancing strategy. Staked $ETH supply on the network crossed the 33% threshold for the first time since the Merge.
But ETF outflows remain a concern — spot Ether ETFs posted $345M in net outflows since June 17, with June 30 marking the ninth consecutive day of withdrawals at $27.6M. A dormant whale also moved 2,468 #ETH to Binance on July 1. Still, a whale withdrew 15,800 $ETH from Binance and staked it on Lido for yield, and another whale's $90M short position faces liquidation risk near $1,674.
Will it break above 1,725 or roll back to support first?
$ETH finally bounced off 1,596 — but the real test is still ahead. I'm watching this one closely.
Key Levels
C: Price: 1,696.06
R: 1,725.00
S: 1,596.14
Entry: 1,650–1,696
SL: 1,596
TP1: 1,725
TP2: 1,770
TP3: 1,820
Leverage: ≤100x
LONG Trigger: 4H close above 1,725 + retest hold
The Ethereum Foundation deposited 4,938 ETH worth $7.86M into Lido Finance on June 30 as part of its treasury rebalancing strategy. Staked $ETH supply on the network crossed the 33% threshold for the first time since the Merge.
But ETF outflows remain a concern — spot Ether ETFs posted $345M in net outflows since June 17, with June 30 marking the ninth consecutive day of withdrawals at $27.6M. A dormant whale also moved 2,468 #ETH to Binance on July 1. Still, a whale withdrew 15,800 $ETH from Binance and staked it on Lido for yield, and another whale's $90M short position faces liquidation risk near $1,674.
Will it break above 1,725 or roll back to support first?