$ETH slipped under $2,000 for the first time in 85 days, and the 7-day chart shows how it got there.
The 168h chart: $1,993.42 now, down 11.9%. It held a tight $2,225–2,250 band until the Nov 9 drop, then made lower highs every day since, and the latest leg went straight through round-number support.
Context (CryptoPotato): about $222M of longs were liquidated in one hour as BTC dipped to $72,150. US spot ETH ETFs also logged a fifth straight outflow session (CoinNess).
What would change my read: a daily close back above $2,000 with the lower-high pattern broken. Until then the level is resistance, not support.
Where do you see ETH finding buyers? #Ethereum #ETH
Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
The 168h chart: $1,993.42 now, down 11.9%. It held a tight $2,225–2,250 band until the Nov 9 drop, then made lower highs every day since, and the latest leg went straight through round-number support.
Context (CryptoPotato): about $222M of longs were liquidated in one hour as BTC dipped to $72,150. US spot ETH ETFs also logged a fifth straight outflow session (CoinNess).
What would change my read: a daily close back above $2,000 with the lower-high pattern broken. Until then the level is resistance, not support.
Where do you see ETH finding buyers? #Ethereum #ETH
Not financial advice.
Disclosure: Write to Earn may pay me a commission on cashtag trades.
