The tweet was deleted by the author.
But we saved everything 🙂.
Ethereum (ETH) is currently trading at $2,255, up $12.39 or 0.55% from the previous close of $2,242.61. Since the market opened at $2,245.54, the price has gained $9.46 or 0.42%, with intraday movement staying within the $2,237 to $2,259.15 range. The rise is driven primarily by moderate intraday buying interest and cautious recovery after prior selling, while momentum remains overall negative due to ongoing macro and technical pressures.
Vitalik Buterin tweeted his excitement for ongoing Ethereum and decentralized tech developments at an event in Mumbai, reflecting an upbeat outlook for the project and its community. This matters for the asset, as visible leadership engagement and enthusiasm can boost market sentiment and community confidence. However, despite this positive signal, the market is focused more on countervailing pressures, such as persistent ETF outflows totaling $431.4 million over five days and delays in the Glamsterdam network upgrade, which are fueling continued volatility and limiting upside.
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ETH trades below both the MA-20 ($2,395.37) and MA-50 ($2,527.36) but remains above long-term support at the MA-200 ($2,159.73). The nearest support is at $2,200, while resistance is found at $2,300 and the Ichimoku Kijun near $2,456.04. Momentum signals (MACD, RSI, Stochastic RSI) show continued dominant seller pressure, despite intraday price firmness. For the next five days, the expected range is $2,200 to $2,300, with the lack of confirmation for positive sentiment from the tweet increasing caution around the forecast.
Previously it was reported that Binance fully restored customer balances in major cryptocurrencies, including Ethereum, following the significant security breach in late October. The current article adds a new dimension by focusing on Ethereum’s evolving risk factors, with particular attention to on-chain activity and network flows as key indicators to monitor going forward.