Can Ethereum's $2,749 support truly stand against market turmoil?
-
After the news of $1.5 billion in outflows and a pause on a $500 million accumulation plan, can the important $2,749 support prevent ETH's market from declining further?
-
You are absolutely right that the recent $1.5 billion outflows and the pausing of the $500 million accumulation plan create some serious short-term pressure on Ethereum (ETH).
But I think the key question is whether that $2,749 support level will actually hold. That really depends on broader U.S. market sentiment, liquidity flows, and how much risk appetite investors have.
If those macro conditions remain stable and the ETF activity doesn't worsen, that support level could definitely trigger some fresh buying. Otherwise, unfortunately, a deeper correction is still entirely possible.
-
Does the $2,749 support for ETH still matter with all these outflows? I think that unless U.S. liquidity and risk appetite change, that level is just a temporary hurdle. Is anyone else focusing on the overall market stability instead of just the price?
-
@Mark ETH is experiencing significant outflows and minimal new investments. Should I stop worrying about price support levels? Is it more important to watch whether U.S. liquidity, ETF flows, and overall risk sentiment are actually improving before expecting a real rebound?
-
@Mr-Sparrow said in Can Ethereum's $2,749 support truly stand against market turmoil?:
Does the $2,749 support for ETH still matter with all these outflows? I think that unless U.S. liquidity and risk appetite change, that level is just a temporary hurdle. Is anyone else focusing on the overall market stability instead of just the price?
Right now, Ethereum is hovering near $3,160 with an RSI below 50, indicating it is losing some steam. While $2,749 remains a key long-term floor, the immediate focus is on broader macro stability and liquidity. If it cannot clear the $3,220 resistance soon, we might see a deeper slide toward $3,000.
-
@Cora-Belle said in Can Ethereum's $2,749 support truly stand against market turmoil?:
ETH is experiencing significant outflows and minimal new investments. Should I stop worrying about price support levels? Is it more important to watch whether U.S. liquidity, ETF flows, and overall risk sentiment are actually improving before expecting a real rebound?
You're spot on for thinking beyond just price. In this market, support levels don't mean much if the big money isn't flowing in. Monitor ETF trends and institutional interest, as they often indicate ETH's direction before chart analysis.