DeGRAM | ETHUSD rebound from the support line

📊 Technical Analysis
● Bounce off the purple up-trend and 2 320 support printed a bullish engulfing, maintaining the sequence of higher-lows that has guided price since April.
● Price is squeezing into an ascending triangle under 2 700-2 730, where the former wedge cap meets horizontal supply; a break projects to the 3 040 macro fib / channel roof.

💡 Fundamental Analysis
● Net-staking deposits keep rising while, per FXStreet (25 Jun), whales add ETH ahead of the SEC’s spot-ETF S-1 verdict, underpinning demand.

✨ Summary
Long >2 320; triangle breakout above 2 730 targets 3 040. Thesis void on a 16 h close below 2 200.

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