Is this flatline on ETH a hidden accumulation zone where you should be buying, or are the bears just taking a breath before a massive final capitulation?
Open 1000502235.jpg. After a brutal, steady bleed from the 1,660.76 peak, the price action has completely pinned itself down near the 1,651.42 local floor.
We are resting right at 1,651.68. The aggressive selling volume has dried up into a flat, quiet consolidation, meaning a volatile breakout is building up right now.
If buyers can force a quick volume spike here, expect a sharp relief bounce back up toward 1,653.01. If 1,651.42 breaks on this candle, the next flush lower is going to be incredibly fast. Watch the close.
#Write2Earn
Open 1000502235.jpg. After a brutal, steady bleed from the 1,660.76 peak, the price action has completely pinned itself down near the 1,651.42 local floor.
We are resting right at 1,651.68. The aggressive selling volume has dried up into a flat, quiet consolidation, meaning a volatile breakout is building up right now.
If buyers can force a quick volume spike here, expect a sharp relief bounce back up toward 1,653.01. If 1,651.42 breaks on this candle, the next flush lower is going to be incredibly fast. Watch the close.
#Write2Earn