Why I'm watching ETH right now (but not buying yet)

[Axiom Intelligence]

ETH is starting to catch my eye but I'm still not buying it. The chart did get interesting though. ETH/BTC bounced about 27-32% off the June lows around 0.027 and pushed to a 7-month high near 0.0334.

Then I saw the ETF flow data. $189M came in on Aug 19, which is the biggest single-day inflow since Oct 2025. That's real buying pressure. I’ve also got Glamsterdam ahead and honestly I don't think that's fully priced in yet.

So yeah, the rotation might be starting. But I'm not forcing it.

I need ETH/BTC to hold above 0.0320 for two daily closes, BTC dominance to close below 57.0%, and rotation to actually shift from suspected to developing. Right now we are sitting at 0.0311 and 57.6% so it's close, but not there.

Once those three things line up I'll recalc the live price. Right now my map is roughly $2,520 entry, $2,268 stop, targets at $3,150 and $4,032. Alerts are set. I'd rather miss the first few percent than jump the gun before confirmation.

If Iran escalates or we get a surprise Fed hike I'm pausing this entirely. Bias is bullish, timing is just off. Just my own process, not financial advice.

[New Judgement]

This post would have suited well in trading discussions, since it’s talking about trading ETH, watching chart and a predetermined entry prices already mapped out. You should consider moving the post to the Trading discussion board, so it will get the attention of the right audience.