$ETH .D If it loses the 100 SMA on the daily, it likely puts pressure on ETH’s $2,200 support and increases the chances of that level breaking sooner rather than later.
It was trading below the 100 SMA before and ETH still held up well, but now that it’s moved back above it, expectations for continuation are higher.
If that follow-through doesn’t show up, that disappointment can quickly turn into selling pressure.
That’s sentiment showing up through technicals. What do you think?