$ETH ETH is trading around $2,235, down about 7% today.
🔴 Resistance: $2,251 → $2,350 → $2,405
🟢 Support: $2,205 → $2,107 → $1,972
The trend is weak for now. ETH is below its 20/50/100-day EMAs, and ETFs are still seeing outflows.
💭 My view: The short-term outlook is neutral to bearish. Until ETH posts a daily close above $2,350, I wouldn't expect a quick recovery. A close below $2,205 could open the way to $2,107. Waiting for confirmation looks smarter than rushing into an entry.#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls?
🔴 Resistance: $2,251 → $2,350 → $2,405
🟢 Support: $2,205 → $2,107 → $1,972
The trend is weak for now. ETH is below its 20/50/100-day EMAs, and ETFs are still seeing outflows.
💭 My view: The short-term outlook is neutral to bearish. Until ETH posts a daily close above $2,350, I wouldn't expect a quick recovery. A close below $2,205 could open the way to $2,107. Waiting for confirmation looks smarter than rushing into an entry.#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls?
