$ETH 2230.33, down 8.21% in 24 hours. This isn’t a pullback—it’s a changing of hands.
Wednesday’s daily candle rose 6.6%; then a single 4-hour candle on Thursday dropped 7%, wiping out all those gains. And it took just four hours.
That 4-hour candle saw 2.966 million contracts traded—7.2 times the median volume of the previous 20 candles.
What really matters isn’t how far it fell, but whether 2205 holds.
That was the low set at 4 a.m. today, and the lowest candle since 10-29. After that, the price failed to reclaim that level for a full six hours.
Hold above 2260, and 2320 is in view. Break below 2205, and watch for 2172.85.
2172.85 was the daily low on 10-30. There’s really nothing below it.
$BTC fell 5.98% over the same period. ETH is weak on its own—not being dragged down by the broader market.
With volume drying up as the price chops around here, the market hasn’t picked a direction. Don’t force a trade—keep your eye on the 2205 candle close.
Are you long or short ETH right now?
Wednesday’s daily candle rose 6.6%; then a single 4-hour candle on Thursday dropped 7%, wiping out all those gains. And it took just four hours.
That 4-hour candle saw 2.966 million contracts traded—7.2 times the median volume of the previous 20 candles.
What really matters isn’t how far it fell, but whether 2205 holds.
That was the low set at 4 a.m. today, and the lowest candle since 10-29. After that, the price failed to reclaim that level for a full six hours.
Hold above 2260, and 2320 is in view. Break below 2205, and watch for 2172.85.
2172.85 was the daily low on 10-30. There’s really nothing below it.
$BTC fell 5.98% over the same period. ETH is weak on its own—not being dragged down by the broader market.
With volume drying up as the price chops around here, the market hasn’t picked a direction. Don’t force a trade—keep your eye on the 2205 candle close.
Are you long or short ETH right now?
