1 month ago
8
Key Takeaways
- ETH trades at $1,615.80, sitting almost exactly on a trendline held since mid-2022.
- Price is below both its 50-month and 100-month moving averages.
- Ethereum spot ETFs have seen eight straight weeks of outflows.
- Whether the trendline holds depends on flows and macro, not the chart alone.
ETH trades at $1,615 at the time of writing, up 3.5% for the past 24h, resting almost exactly on an ascending trendline that has held as support since mid-2022. The entire post-2022 structure rests on this line, and it’s being tested while momentum is weak and institutional money is leaving.
The Make-or-Break Level?
The technical setup is unusually clean. The ascending trendline connects the 2022 bear-market bottom near $1,000 through a series of higher lows, and price has just wicked down to test it again, with the current monthly candle showing a small green recovery off the low. This may be a genuine make-or-break level: hold it, and the multi-year structure stays intact; lose it on a monthly cl...
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