$ETH 💎 Ethereum (ETH): The accumulation zone

​Ethereum is currently testing the patience of the bulls. After failing to flip the $2,200 resistance earlier this week, price has dipped to $2,053, down roughly 4.5% today.

​Despite the red candles, exchange supply is hitting decade lows. This "supply crunch" suggests that while short-term traders are panic-selling due to macro jitters, long-term whales are quietly moving ETH into cold storage. Watch the $1,950 level closely—if it holds, we are looking at a classic "spring" maneuver before the Glamsterdam upgrade hype kicks in.

​The Strategy:

​Bullish: Reclaim $2,150 to target $2,400.

​Bearish: A close below $1,900 opens the door to $1,750.

DISCLAIMER:Not a financial advice,always DYOR.

#Ethereum #ETH #CryptoAnalysis #Web3 #l2

ETH

2,014.96

+0.88%