ETH hit a low of 1983.48 yesterday, climbed to a high of 2104.15 but failed to hold, and closed at 2009.48. It opened at 2008.62 today, reached a high of 2028.23, and fell to a low of 1945.22. It’s currently around 1946. Volume has eased, and today’s trading volume is currently about 60% of yesterday’s.
The 2028.23–2104.15 range remains resistance. If price can’t break above 2028, treat any rebound as a recovery move. If 1945.22 breaks again, price could first test the lower end of today’s wick; below that, there’s no nearby support.
In the short term, watch whether price can hold around 2008. If it can’t, treat this as a continuation of the downtrend and don’t chase the current price. If you’re already holding, watch whether 1945.22 holds as support; if not, consider reducing your position. $ETH
The 2028.23–2104.15 range remains resistance. If price can’t break above 2028, treat any rebound as a recovery move. If 1945.22 breaks again, price could first test the lower end of today’s wick; below that, there’s no nearby support.
In the short term, watch whether price can hold around 2008. If it can’t, treat this as a continuation of the downtrend and don’t chase the current price. If you’re already holding, watch whether 1945.22 holds as support; if not, consider reducing your position. $ETH
