🟢 ETH Holds $2K Despite Profit-Taking
Ethereum surged above $2,070 after Trump’s appearance and the Fed’s rate pause. However, a wave of profit-taking shifted capital into altcoins. Still, ETH price is holding above $1,950, showing resilience amid market rotation.
🔒 $220M Staked in 48 Hours
In just two days, 110K ETH (worth $220M) was staked in ETH 2.0 contracts, pushing total deposits to 33.83M ETH. This move helped reduce sell pressure and stabilized price above key support, suggesting long-term investor confidence.
📊 ETH Technical Outlook: $2,100 Resistance Ahead
ETH trades at $1,979, consolidating between $1,950 and $2,100. It’s testing the middle Bollinger Band near $2,005. A breakout above could target $2,100, while failure to reclaim $2K may trigger a drop to $1,768 if support breaks.
🔁 Watch the Range
Staking inflows hint at bullish sentiment, but declining trading volume shows hesitation. A move above $2,005 or below $1,950 will likely determine ETH’s next major trend.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
