**Binance ETH Update: Big Players Closed Long Positions Over $12 Million – Key Range to Watch**
Based on large order tracking data, Binance big players closed long positions worth $12.88 million when ETH hit $2,550. ETH faced resistance in the $2,565 to $2,580 range. Looking at the 8-hour custom cycle signal, there are two possible directions to consider:
1. **Bullish Scenario:** The MACD fast and slow lines have crossed the zero line. If ETH breaks through the $2,565-$2,580 resistance zone, the first target is $2,600. If it breaks further, the next target is in the $2,675-$2,700 range (based on large player sell orders and Fibonacci retracement levels).
2. **Bearish Scenario:** The RSI is in the overbought zone. If ETH falls below the $2,540 support level, it could drop further to the $2,478-$2,488 range, with the next support around $2,360 (close to the 40-day moving average).
This range will be crucial for ETH’s future trend. Keep a close eye on any breakouts or upward signals.#Write2Earn! #ETH🔥🔥🔥🔥 #Write2Earn! #ETHETFsApproved
