$ETH is down, but nobody is watching the volume.
$2,232.93 now, down 3.27%, with $1.26B traded. That’s only 0.8x the 20d average.
No panic volume. 📉
The 4h RSI is 33 after another 3.4% slide, while funding is -0.002% and shorts are paying. Price sits below both the 20d and 50d MAs, but this still looks more like weak positioning than full capitulation. $XRP weakness would confirm broader alt pressure.
At $2,200, I’d wait for a reclaim before acting. 🤔 Would you enter here or wait for a retest?
#Ethereum #Altcoin #Layer1
$2,232.93 now, down 3.27%, with $1.26B traded. That’s only 0.8x the 20d average.
No panic volume. 📉
The 4h RSI is 33 after another 3.4% slide, while funding is -0.002% and shorts are paying. Price sits below both the 20d and 50d MAs, but this still looks more like weak positioning than full capitulation. $XRP weakness would confirm broader alt pressure.
At $2,200, I’d wait for a reclaim before acting. 🤔 Would you enter here or wait for a retest?
#Ethereum #Altcoin #Layer1