Ethereum is starting to look like a coiled spring.
ETH is around 2,505 and the important thing is not simply today's small percentage move. The bigger story is the strength ETH has already shown. Ethereum recently completed a powerful rally and is now consolidating rather than completely giving back those gains.
That kind of behavior can become very interesting when volume returns.
The market is heating up again, and ETH could become one of the biggest beneficiaries if capital starts rotating away from Bitcoin dominance and into major altcoins.
I am watching the 2,450 to 2,500 area as an important support region. If buyers continue defending that zone, the next attempt toward 2,600 could come quickly. A decisive move above 2,600 would put 2,750 and potentially 3,000 back into focus.
Whale activity and volume are the confirmation I want to see. Strong price action without volume can fail. Strong price action supported by increasing volume can create a completely different setup.
Support zone: 2,450 to 2,500
EP: 2,480 to 2,520
TP: 2,600 / 2,750 / 3,000
SL: 2,390
Ethereum does not need to explode immediately. It only needs to keep building pressure.
I’m ready for the move —
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#Ripple expands institutional lending
