$ETH
📊 Here's what I'm watching on $ETH today — and why it matters
🔹 Price: $2,107 (down 7% this week — third consecutive red week)
🔹 Key level: $2,100 weekly support — ETH hasn't closed below this since April. Break it Sunday = real trouble.
🔹 Signal: RSI at 29.6 on the daily — deepest oversold reading in 6 weeks. MACD still bearish but histogram is flattening.
🔹 Catalyst: $657M liquidation cascade last weekend wiped out 89% longs. The weak hands are already gone. Glamsterdam upgrade approaching.
⚠️ My honest take: This is the most oversold $ETH has been since the April crash, and historically that's where relief rallies start. But I'm not jumping in blind — if $2,100 breaks on the weekly close, $1,900 is next and I want no part of that. Watching, not chasing.
Does $ETH bounce from $2,100 this week or are we heading to $1,900? 👇