🚀 Ethereum (
$ETH ) Onboarding Setup
Ethereum is currently hovering around $2,036, stabilizing after a volatile period. With the MVRV Z-Score entering the accumulation zone and the Taker Buy/Sell ratio on Binance showing early signs of a bullish reversal, this "onboarding" phase offers a strategic entry point for those looking to play the recovery.
⚡ Trade Plan (Long)
Entry Range: $2,000 – $2,050
Stop Loss (SL): $1,880 (Protects against a break of the multi-year trendline)
Take Profit Targets:
TP1: $2,120 (Immediate resistance/20-day EMA)
TP2: $2,250
TP3: $2,400+
🔍 Market Context
Strong Support: The $1,800 – $1,900 range has held firm as a multi-year macro floor.
Derivative Shift: We are seeing daily spikes in "market buying" on Binance, even as spot prices remain in a corrective phase—often a leading indicator for a bounce.
ETF Inflows: Institutional interest remains high, with over $157M flowing back into Ethereum ETFs recently.
Note: For reference only. Manage your risk carefully as we test the $2,100 whale cost-basis resistance.
Nabiha Noor
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