66 touches. That is how many times 1860.90 has been tested on the 1h chart, and price is sitting on it right now at 1863.28.
Ether spent the last day grinding down the range - 13.2% off the 1h low, RSI 34.9, the 9/21/50 EMAs stacked bearish on 15m, 1h and 4h. This is not a dip being bought. It is a market that has run out of bids and is checking whether the last shelf holds.
1860.90 is where $ETH is decided - 66 measured touches. Lose it and 1850.01, with 33 touches, is the next real floor. Reclaiming 1875.52, where 98 touches have capped every attempt, is what turns this back.
The part most people miss: the 4h volume ratio is 2.63x average while the 15m sits at 0.51x. The heavy selling already happened. What you are watching now is the aftermath, not the event.
$BTC is holding its structure better than this. When the second-largest asset leads down and the largest does not follow, one of them is wrong.
Which one do you think breaks first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Ether spent the last day grinding down the range - 13.2% off the 1h low, RSI 34.9, the 9/21/50 EMAs stacked bearish on 15m, 1h and 4h. This is not a dip being bought. It is a market that has run out of bids and is checking whether the last shelf holds.
1860.90 is where $ETH is decided - 66 measured touches. Lose it and 1850.01, with 33 touches, is the next real floor. Reclaiming 1875.52, where 98 touches have capped every attempt, is what turns this back.
The part most people miss: the 4h volume ratio is 2.63x average while the 15m sits at 0.51x. The heavy selling already happened. What you are watching now is the aftermath, not the event.
$BTC is holding its structure better than this. When the second-largest asset leads down and the largest does not follow, one of them is wrong.
Which one do you think breaks first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.