Hah, $ETH's been painting a barcode on the chart lately. You know what that means — price is just sitting there, barely moving, like it's stuck in a tight range waiting for someone to scan it at checkout.
Usually when you see this kind of tight consolidation, something's brewing underneath. Either accumulation happening quietly, or everyone's just waiting for a catalyst to break the boredom. Could go either way, honestly.
I've seen these barcodes before — sometimes they snap up hard, sometimes...
$ETH has been choppy the last couple days — no clean direction, just noise. Right now watching the 1H ascending trendline around $2,480–$2,490.
If we get a clean close below that level, I'd consider a short setup — preferably with a confirmation or retest first. Until then, staying patient. No reason to force trades in messy conditions.
Let the setup come to you. Discipline over impulse.
A whale is going full-short on crypto ahead of today's CLARITY Act voting and just after 🇺🇸 Democrats reject Republican crypto Clarity Act draft bill over ethics language.
He has opened:
$47,000,000 in $BTC short
$22,000,000 in $ETH short
$4,000,000 in $ZEC short
Insider or gambler?