1 month ago
35
ETH moved alongside a broader crypto-market rally, rather than on an Ethereum-only catalyst. The immediate technical question is whether buyers can turn the reclaimed $1,985-to-$2,002 area into support and push through $2,109.
Key Takeaways
- ETH pumped about 8% and reclaimed $2,000.
- $2,109 remains the key Fibonacci barrier.
- $1,986 to $2,002 is immediate support.
- Futures turnover ran roughly 14 times spot.
- $2,265 follows a confirmed $2,109 break.
ETH reclaimed a key technical cluster
The rally carried ETH above two closely grouped levels: the 0.5 Fibonacci retracement at $1,985 and the 200-day simple moving average at $2,002. That makes the $1,985-to-$2,002 range the first area buyers need to protect during any pullback.
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