📊 ETH is at a critical juncture regarding its trend.
Key price levels:
Strong support: $1,720–$1,750. This zone must hold to maintain the recovery structure.
If strong buying interest emerges here, ETH could continue its upward movement. Immediate resistance: $1,800–$1,850.
ETH needs to close the daily candle above this range on increased trading volume to confirm a breakout.
Next target: If it successfully clears $1,850, ETH could aim for the $1,950–$2,000 zone, where profit-taking pressure is likely to intensify.
Bearish scenario: If the $1,720 level is lost, ETH could pull back to retest the $1,650–$1,600 zone before finding new buying interest.
Factors to watch:
BTC volatility remains the driving force.
Capital inflows into Ethereum ETFs.
$ETH #SpotETFOutflowsEnd