Ethereum eyes $2.7K, but will weak demand stop ETH’s gains?
Ethereum (ETH) faces mixed signals as it attempts to reclaim the $2,000 level. While the weekly chart shows a bullish structure, with key Fibonacci support at $2,147, the daily trend remains bearish. A potential rally toward $2,770–$3,049 is possible if Bitcoin strengthens and reaches $83k–$89k. However, weak demand, indicated by a declining OBV, and the threat of profit-taking near the $2,353–$2,400 realized price zone may limit gains. Despite $80.2 million in recent liquidations, ETH's unrealized profit ratio has turned positive, though momentum remains uncertain.
ambcrypto03/24 04:01