$ETH
is in an interesting spot right now.
Bulls are still paying to stay long, but price hasn’t been able to break higher with conviction. At the same time, seller activity is slightly stronger while Open Interest remains relatively weak.
The key level I’m watching is $1,920.
A clean break and hold above it could open the way toward $1,961 and potentially higher.
But if $ETH keeps getting rejected, the $1,865 support becomes important.
Right now, the market looks stuck between bullish expectations and weak follow-through.
is in an interesting spot right now.
Bulls are still paying to stay long, but price hasn’t been able to break higher with conviction. At the same time, seller activity is slightly stronger while Open Interest remains relatively weak.
The key level I’m watching is $1,920.
A clean break and hold above it could open the way toward $1,961 and potentially higher.
But if $ETH keeps getting rejected, the $1,865 support becomes important.
Right now, the market looks stuck between bullish expectations and weak follow-through.