$ETH is sitting near $2,290 after a month of lower highs, sliding from the $2,700s in early October to a $2,174 low on Oct 30.
My read for this week: the key line is $2,320, where today's high stalled. A daily close above it opens room toward $2,390, where the last bounce failed. Lose $2,240 and I'd expect a retest of $2,174.
I lean cautious because spot ETH ETFs just logged a 5th straight week of outflows. What would make me wrong: a strong daily close above $2,390, which breaks the lower-high pattern.
#ETH #Ethereum #CryptoMarket
NFA
My read for this week: the key line is $2,320, where today's high stalled. A daily close above it opens room toward $2,390, where the last bounce failed. Lose $2,240 and I'd expect a retest of $2,174.
I lean cautious because spot ETH ETFs just logged a 5th straight week of outflows. What would make me wrong: a strong daily close above $2,390, which breaks the lower-high pattern.
#ETH #Ethereum #CryptoMarket
NFA
