Ethereum rebounds to $2,421 but needs to break $2,526 for a reversal
- —ETH traded at $2,421 after a low of $2,382.70, up about 0.95% on the day
- —Ethereum liquidations totaled about $250 million as the $2,450 level was lost
- —Resistance: Bollinger $2,464 and Supertrend $2,526; support at $2,380
- —Outflows from U.S. spot ETH ETFs totaled $141.5-142.3 million, with ETHA at $98 million
Why it matters: A break above $2,526 would confirm a reversal, while losing $2,380 would open the way to $2,143-2,230 amid ETF outflows and expectations of a Fed rate hike.
Source: crypto.news