ETHUSDT SPOT
Long
Updated

DeGRAM | ETHUSD kept the support

267
📊 Technical Analysis
● ETH retested the old wedge roof (~2 450) and the new rising‑trendline in one touch, confirming them as support and printing a higher low.
● Price is climbing inside a fresh ascending channel; a mini bull‑flag above 2 600 targets the next horizontal resistance/supply at 2 886‑3 083.

💡 Fundamental Analysis
● CME Ether futures open‑interest topped $1.6 B while US spot‑ETH ETFs saw net inflows this week, signalling broader institutional accumulation as softer US CPI dents real yields.

Summary
Confluent support at 2 450‑2 600 plus record futures/ETF demand back a tactical long: objectives 2 886 → 3 083; manage risk on a 16 h close below 2 450.

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snapshot
📊 Technical Analysis
● Post-breakout consolidation: price rests in a 2 500-2 800 rectangle along the rising-channel base; the pause forms a bull pennant whose measured move points to 3 090.
● A chain of higher lows keeps squeezing the grey resistance line; a daily close above 2 800 completes the continuation pattern and exposes the February high at 3 094.

💡 Fundamental Analysis
● Glassnode reports net staking inflow > 110 k ETH this week while fee burn again outpaces issuance, driving a net-deflationary supply pulse that supports spot bids.

Summary
Buy 2 550-2 600; pennant break >2 800 aims 2 886 → 3 094. Long view void on a 16 h close below 2 450.

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