Why I’m Bullish on $ETH despite the $2,000 Test!

ETH
ETH
1,982.28
-0.82%

While the price of $ETH is testing the $2,000 psychological support, the on-chain data tells a different story. Exchange reserves are at their lowest levels since 2016! 📉

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​Bullish Case:

33% of the supply is locked in staking. This "structural imbalance" means any surge in demand could lead to a violent move upward.

​Resistance:

Need a clean daily close above $2,150 to flip the script.

​Target:

Looking at $2,400 if the "Glamsterdam" upgrade hype kicks in early.

​Check the live chart below to see the current bounce! 👇

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