📊 ETH/USDT Saturday Night Read + What I Am Watching This Coming Week

ETH is sitting at a critical point right now and I want to share my honest read on where things are headed before the new week kicks off.

Where ETH is right now:
Price broke below the $2,000 level and it is now acting as resistance, not support. That is a shift in structure that every ETH trader needs to respect. The market is in Extreme Fear territory (Fear and Greed Index: 30), institutional outflows have been running for 14 straight days on the ETH ETF, and the macro backdrop with CPI at 3.8% and the DXY pushing toward 100 is not doing risk assets any favours.

What I am watching this coming week:

The $2,000 level is my primary trigger. I want to see a clean 4H candle close back above $2,000 before I consider any long position. Until that happens, the trend is not my friend on the long side.

Below current price, the zone I am focused on is $1,850 to $1,900. This is the 61.8% Fibonacci retracement from the 2025 rally and a historically strong demand zone. If ETH tests this level and holds with volume, that becomes a high-conviction entry for me. If it breaks, I step aside and wait.

On the upside, BTC options max pain sits at $73,000 to $75,000 for June expiries, which creates mechanical pressure pushing the market higher into expiry. That could give ETH a sympathetic lift toward $2,050 to $2,150 in the short term. I am watching this closely.

The bigger picture:
Despite the price weakness, Ethereum's fundamentals remain solid. $161 billion in stablecoin supply on-chain, 52% of global DeFi TVL, and institutional names like BitMine quietly accumulating 4.49% of all circulating ETH supply. The price and the fundamentals are telling two different stories right now. That gap historically resolves to the upside. But it requires patience and the right macro catalyst, most likely a softer May CPI print in mid-June.

This is a wait and watch week for me. No heroes. Clean setups only.

Look out for tomorrow's weekly roundup and journal where I break down every trade from this past week, the lessons learned, and the full plan going into June. I share every win and every loss, no filter.

Want to copy my ETH/USDT trades live?
30-day stats: +246.58% return, +$758.43 PnL, 69.81% win rate, 17 cumulative copiers with +$175.53 earned.

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Not financial advice. Copy trading involves risk. Trade responsibly. 🙏