$ETH
The 1,890 level finally broke overnight
This morning I said it was still grinding within the 1,890–1,920 range. No need to grind anymore.
Current price: 1,848. The entire range has given way, and 1,850 is right under our feet.
The next level is 1,832.
If that goes too, there won’t be much more to say in the short term.
Only a reclaim of 1,920 would make this a false breakdown. If it can’t reclaim it, don’t rush to buy the dip.
It’s getting close over at $BTC too: 65,693, less than 700 away from 65,000.
With both levels converging, don’t sleep too soundly tonight.
I’m not holding a position and won’t chase a short. I’ll wait and see how 1,832 or 65,000 reacts.
Personal analysis, not investment advice.
#ETH
The 1,890 level finally broke overnight
This morning I said it was still grinding within the 1,890–1,920 range. No need to grind anymore.
Current price: 1,848. The entire range has given way, and 1,850 is right under our feet.
The next level is 1,832.
If that goes too, there won’t be much more to say in the short term.
Only a reclaim of 1,920 would make this a false breakdown. If it can’t reclaim it, don’t rush to buy the dip.
It’s getting close over at $BTC too: 65,693, less than 700 away from 65,000.
With both levels converging, don’t sleep too soundly tonight.
I’m not holding a position and won’t chase a short. I’ll wait and see how 1,832 or 65,000 reacts.
Personal analysis, not investment advice.
#ETH
