Ethereum / TetherUS
Long
Updated

DeGRAM | ETHUSD keeping the demand zone

484
📊 Technical Analysis
● ETH printed a higher low at the green $1 750‑1 900 demand zone and is now moving along the support line.
● A close above minor trend resistance at $1 900 should trigger a run toward $2 100; downside risk contained at $1 650.

💡 Fundamental Analysis
● SEC cleared options trading on spot‑ETH ETFs, and analysts see staking approval as early as May—fresh catalysts for institutional inflows.

Summary
Trend‑break plus ETF momentum backs a short‑term long stance: targets $1 900 → $2 100; invalidate below $1 700.

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Trade active
snapshot
📊 Technical Analysis
ETH sprang out of the $1,760‑1,840 demand zone, bouncing off the rising‑channel base and reclaiming the mid‑channel support level near $1,900.
● Price is testing the resistance level at $1,950; an hourly close above unlocks the channel top / resistance level at $2,040-2,070. Long bias flips only on a sustained break below $1,740.

💡 Fundamental Analysis
● The freshly‑activated Pectra upgrade introduces smart‑account features (EIP‑3074/7702) and lifts the validator cap to 2,048 ETH, streamlining UX and attracting larger stakers—analysts say this could reignite DApp activity and fee burn, tilting network economics in ETH’s favor
● CME Ether futures open interest set a record >$1.4 B, signalling stronger institutional demand as lower US yields soften the dollar backdrop.

Summary
Channel‑base rebound + booming on‑chain and futures activity favour a short‑term long: objectives $1,970 → $2,070; invalidate under $1,740.

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Trade closed: target reached
In the last 24 hours, ETH, which some tourists were already prophesizing the death of, has risen 40% 🤯

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