This is exactly what I was pointing out last night on $ETH .
Many traders were confident that $2,406 would hold because it had worked as support before. But previous bounces don’t guarantee the next one.
$ETH tested that level multiple times, and buyers kept stepping in, expecting another rebound. Eventually, the support broke, triggering a sharp move lower.
Our target near $2,353 was reached almost perfectly.
Here’s the key lesson: Never rely on a support level simply because it has held in the past.
Repeated tests can weaken a level, while the growing number of buyers betting on a bounce can create additional selling pressure once support fails.
$2,406 held twice. Buyers trusted it again on the next test, but this time, the market moved against them.
That’s why I focus on price action, confirmation, and risk management instead of blindly chasing a potential bounce.
The best setups often come from understanding what the market is preparing to do, not reacting after the move has already happened.
Many traders were confident that $2,406 would hold because it had worked as support before. But previous bounces don’t guarantee the next one.
$ETH tested that level multiple times, and buyers kept stepping in, expecting another rebound. Eventually, the support broke, triggering a sharp move lower.
Our target near $2,353 was reached almost perfectly.
Here’s the key lesson: Never rely on a support level simply because it has held in the past.
Repeated tests can weaken a level, while the growing number of buyers betting on a bounce can create additional selling pressure once support fails.
$2,406 held twice. Buyers trusted it again on the next test, but this time, the market moved against them.
That’s why I focus on price action, confirmation, and risk management instead of blindly chasing a potential bounce.
The best setups often come from understanding what the market is preparing to do, not reacting after the move has already happened.
