📊 Ethereum (ETH) Market Update & Technical Analysis

Price: ~ $1,960 (volatile; under recent key levels)

Sentiment: Bearish to cautious (Fear & Greed low / demand zones active) �

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🧠 Market Structure & Big Moves

• Multiple large ETH deposits to Binance by institutional players signal potential sell pressure, pumping caution into charts. �

• However, exchange reserves hitting multi-month lows suggests holders are withdrawing ETH, reducing available sell supply. �

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Reddit

📉 Technical Levels to Watch

🧱 Support

• $1,900–$2,000 demand zone — Critical anchor; dropping below this could trigger deeper downside. �

• Lower supports (based on broader analysis): ~$1,800 & psychological lows from past volatility history. �

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CoinCodex

📈 Resistance

• Near-term ceiling zones: $2,350–$2,400 — failed breakouts show seller dominance. �

• Further resistances cluster above $2,700, then $2,890–$3,000 if bulls regain control. �

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Analytics Insight +1

📌 Trend Signals

📊 Bearish cues dominate short-term charts

• Struggles below key moving averages near recent pivot zones. �

• Technical breakdowns on 4-hour structure suggest continuation lower. �

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📊 Bullish counterpoints

• Reduced ETH supply on exchanges can tighten liquidity and support rebounds. �

• Broader medium-term setups still show potential for rebounds if macro and on-chain conditions improve. �

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CoinCodex

📅 What to Watch This Week

✔ Hold above $2,000 — key for stabilizing price structure

✔ Break above $2,350–$2,400 with volume — signals shift from bearish control

✔ Watch whale activity & on-chain flows — large in/outflows often lead short-term swings

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