$ETH *Current:* ∼$2,403 (+1.7% today), intraday range $2,329 - $2,446 5c95
*What the candles show:*
- *Downtrend to Bounce:* ETH dropped from ∼$2,500 on Oct 10 to $2,329 low on Oct 17-18, then bounced with a big green bullish engulfing candle on Oct 18. Today is a small indecisive candle (long upper wick) - shows sellers at top.
- *Key Levels:*
- *Support:* $2,350 (recent low) and $2,150 (200-day MA long-term floor)
- *Resistance:* $2,547 - $2,552 cluster (20-day + 50-day MA) - ETH is still trading BELOW this, so medium-term pressure remains.
- *Momentum:* RSI is 27.2 - oversold, MACD negative. Means selling was overdone, bounce expected but not confirmed as reversal. 4f8668a5
*Short-term view:* Range-bound $2,350 - $2,530. If ETH holds above $2,430, it can test $2,530. If it breaks below $2,329, risk of drop to $2,200. 9319
This is not financial advice - for that NVDAB $1 voucher you showed, ETH move of 1-2% is normal volatility.