The Fed held rates,
$ETH bounced off its 200-day average, but one number says buyers aren't back yet. 🚨
Price is around $2,350 to $2,365, still below the 20-day EMA ($2,425) and the 50-day EMA ($2,451). The Coinbase Premium, a gauge of US buying, just hit its lowest level since February, and spot ETH ETFs are still seeing outflows. 👀
Levels I'm watching:
🟣 $2,451: 50-day EMA, the key hurdle
🔴 $2,425: 20-day EMA, first target for bulls
🟢 $2,300: support, defend $2,300 to $2,320
⚠️ Lose $2,300 and $2,250 comes next, then $2,150
Today's PCE inflation report is the next catalyst, and two Fed officials voted for a hike yesterday, so risk-off pressure hasn't gone away.
My plan: no chasing. I want a daily close above $2,425 before I get bullish, and I'm stepping aside if $2,300 breaks.
Real recovery or relief bounce? 👇
#ETH #Ethereum #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Zetoshi X
$ETH bounced off its 200-day average, but one number says buyers aren't back yet. 🚨
Price is around $2,350 to $2,365, still below the 20-day EMA ($2,425) and the 50-day EMA ($2,451). The Coinbase Premium, a gauge of US buying, just hit its lowest level since February, and spot ETH ETFs are still seeing outflows. 👀
Levels I'm watching:
🟣 $2,451: 50-day EMA, the key hurdle
🔴 $2,425: 20-day EMA, first target for bulls
🟢 $2,300: support, defend $2,300 to $2,320
⚠️ Lose $2,300 and $2,250 comes next, then $2,150
Today's PCE inflation report is the next catalyst, and two Fed officials voted for a hike yesterday, so risk-off pressure hasn't gone away.
My plan: no chasing. I want a daily close above $2,425 before I get bullish, and I'm stepping aside if $2,300 breaks.
Real recovery or relief bounce? 👇
#ETH #Ethereum #crypto #cryptotrading #altcoins
@Ismeidy @BitEagle News @Zetoshi X
