ETH Is Holding $2,100, but It Still Lags BTC
$ETH is trading around $2,135 on Binance this morning, flat over 24 hours, in a $2,083 to $2,168 range. $BTC is up 0.7% to about $75,258, SOL is flat near $86.75, and ETH/BTC slipped 0.7% to 0.02837. The Fear & Greed Index (Alternative.me) printed 29 for 11/9, still Fear.
Quick context: on 11/4 ETH spiked to $2,450 and closed at $2,424. On 11/5 that whole move was gone with a $2,238 close. On 11/8 it wicked down to $2,060 and closed at $2,127.
My read: ETH found buyers near $2,060 to $2,083, and that's the floor I care about. But a bounce where ETH/BTC keeps sliding is not real strength, it's BTC dragging everything up. I'm not chasing ETH here. I'd only get constructive if ETH reclaims about $2,240, where it closed three days in a row, while ETH/BTC turns up. Lose $2,060 on a daily close and I'd expect more downside first.
That's why I prefer keeping my views on-chain and inspectable instead of reacting to every candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks and Robinhood Chain and Arc currently being deployed. A creator can turn a call like today's ETH view into a public on-chain strategy, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#ETH #Ethereum #CryptoMarket
@OfficialOwl_AI
https://teny.ai/
https://dapp.owlowl.ai/
$ETH is trading around $2,135 on Binance this morning, flat over 24 hours, in a $2,083 to $2,168 range. $BTC is up 0.7% to about $75,258, SOL is flat near $86.75, and ETH/BTC slipped 0.7% to 0.02837. The Fear & Greed Index (Alternative.me) printed 29 for 11/9, still Fear.
Quick context: on 11/4 ETH spiked to $2,450 and closed at $2,424. On 11/5 that whole move was gone with a $2,238 close. On 11/8 it wicked down to $2,060 and closed at $2,127.
My read: ETH found buyers near $2,060 to $2,083, and that's the floor I care about. But a bounce where ETH/BTC keeps sliding is not real strength, it's BTC dragging everything up. I'm not chasing ETH here. I'd only get constructive if ETH reclaims about $2,240, where it closed three days in a row, while ETH/BTC turns up. Lose $2,060 on a daily close and I'd expect more downside first.
That's why I prefer keeping my views on-chain and inspectable instead of reacting to every candle. OWL AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto and commodities, with strategy vaults already deployed on multiple EVM networks and Robinhood Chain and Arc currently being deployed. A creator can turn a call like today's ETH view into a public on-chain strategy, and you can Follow / Star / Subscribe to the ones you trust. As of 10/31: TVL 7,528,536 USDC and 4,620 holding addresses.
#ETH #Ethereum #CryptoMarket
@OfficialOwl_AI
https://teny.ai/
https://dapp.owlowl.ai/
