Is Ethereum $ETH
about to break its floor or is this just another trap?
We’re sitting around $1,978 right now and the market is looking heavy. A 6% drop today isn’t just noise.
Since the big dump in early February, ETH has been stuck in a range — and we just failed to hold above $2,100 again.
Volume is decent, but bears clearly control this candle. If buyers don’t step in soon, we could see a retest of the $1,747 local bottom.
Interestingly, the order book still shows ~53% buy pressure, but price action tells a different story. This is a messy zone.
For now, I’m staying patient.
I want to see $1,900 hold on the daily close before even thinking about a long.
Don’t catch falling knives.
#ETH #Crypto #Ethereum #CryptoTrading #BTC #Altcoins
about to break its floor or is this just another trap?
We’re sitting around $1,978 right now and the market is looking heavy. A 6% drop today isn’t just noise.
Since the big dump in early February, ETH has been stuck in a range — and we just failed to hold above $2,100 again.
Volume is decent, but bears clearly control this candle. If buyers don’t step in soon, we could see a retest of the $1,747 local bottom.
Interestingly, the order book still shows ~53% buy pressure, but price action tells a different story. This is a messy zone.
For now, I’m staying patient.
I want to see $1,900 hold on the daily close before even thinking about a long.
Don’t catch falling knives.
#ETH #Crypto #Ethereum #CryptoTrading #BTC #Altcoins