147 touches at 1880.09 on the 15m chart. ETH is trading at 1879.31 — sitting on it, not near it.
Sellers have had the day: down 1.88%, price at 11.8% of the 24h range. But every push into 1880.09 has been absorbed. 330.8M USDT of turnover and it still could not resolve.
1880.09 is where $ETH is decided — 147 measured touches. Above it, 1887.64 on the 1h (52 touches) is the next test. Below, 1871.24 (72 touches) is the invalidation, and 1870.97 on the 1h carries 101 touches behind it.
The uncomfortable part: the 4h volume ratio is 0.63, under two thirds of its 20-period average, while the 15m sits at 1.37. The pressure is short-term. The commitment is not. Levels this heavily tested break on volume, and the volume has not shown up.
Daily RSI is 50.67. Nothing is broken. Nothing is confirmed. Watch $BTC for the tie-breaker.
Which do you trust more — the 147 touches, or the volume that is missing?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Sellers have had the day: down 1.88%, price at 11.8% of the 24h range. But every push into 1880.09 has been absorbed. 330.8M USDT of turnover and it still could not resolve.
1880.09 is where $ETH is decided — 147 measured touches. Above it, 1887.64 on the 1h (52 touches) is the next test. Below, 1871.24 (72 touches) is the invalidation, and 1870.97 on the 1h carries 101 touches behind it.
The uncomfortable part: the 4h volume ratio is 0.63, under two thirds of its 20-period average, while the 15m sits at 1.37. The pressure is short-term. The commitment is not. Levels this heavily tested break on volume, and the volume has not shown up.
Daily RSI is 50.67. Nothing is broken. Nothing is confirmed. Watch $BTC for the tie-breaker.
Which do you trust more — the 147 touches, or the volume that is missing?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.