Is $ETH finally running out of steam or is this just a trap for the sellers?
The price is hanging around 2,297 right now and it’s looking a bit indecisive. We hit that local top near 2,464 and since then it’s been a series of lower highs.
The support around 2,260 is holding for the moment but the bounces are getting weaker. If we lose this level, I wouldn't be surprised to see a quick slide back toward 2,140 to fill that gap.
Volume is pretty flat so there’s no real conviction from either side yet. I’m just watching the 2,375 resistance to see if we can actually break the trend.
Are you guys bidding this level or waiting for a deeper drop?
ETH
2,242.5
-3.62%