Ethereum ETFs DUMPED $697M.. I'm Still LONG!!
1 extracted signal · 0 resolved · 1 still active
Marzell CryptoIndependent analyst profile- Source published
- 12 Oct 2026, 10:39 UTC
- Recorded by Tahlil Plus
- 12 Oct 2026, 13:00 UTC
AI-generated source summary
The analysis focuses on Ethereum (ETHUSDT), highlighting a sustained long position initiated at 2451.97, currently in profit. The trade setup is based on a weekly inverse head and shoulders pattern, with the left shoulder from February to April, the head at the June low, and the neckline formed by the September high at approximately 2836.67, aligning with a Fibonacci level. The right shoulder is currently being formed. The overall long-term trend is characterized by a giant rising channel since 2021, with the price currently residing in the lower half of this channel, suggesting potential for further upside towards targets above 5000. The immediate trade's take profit is set at 3159.25, and the stop-loss is placed below Thursday's low at 2261.50. An additional entry is planned if a daily close occurs above 2586 (Thursday's high). The 12-hour chart shows price action contained within a 7.4% range between 2406 and the add-trigger line at 2586. Despite recent ETF outflows, data shows that previous instances of prolonged selling streaks (8+ days) have historically led to price increases within 30 days, with Ethereum rising 5 out of 8 times. Bitcoin, in contrast, saw a 4.2% increase from Thursday's low to Sunday's close, while Ethereum gained 5.4% during the same period, indicating strong buying pressure against ETF selling.
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Marzell Crypto
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