ETH Lost $200 in 2 Days - I Saw $2,280 Bottom, But Is It Safe Now?
Honestly, I didn't expect
$ETH to fall this fast.
2 days ago
$ETH was around $2,480 - Now look at H1 chart, we are at $2,319. That's almost $160 drop in 48 hours. My portfolio also took a hit, not gonna lie.
What I'm seeing on H1:
On 24th Oct,
$ETH tried to hold $2,400 but failed. Then that big red candle came - Straight to $2,280.79. I was watching at 10 PM, that wick scared everyone.
But then - ETH bounced to $2,368, then again fell. Now we are stuck at $2,319.33 (-0.33% today).
This $2,280.79 level is interesting. Every time ETH goes near $2,285-$2,290, buyers come. I've seen it 2 times in this chart. So maybe it's a short term bottom.
My simple plan, no complicated indicators:
• If ETH holds $2,280 on H1 close, I think we can see $2,360 again. • If we lose $2,280, then next could be $2,223 (bottom of chart). • Right now I'm not buying big, just small DCA at $2,310-$2,280 zone.
I know many of you are stuck in long at $2,400+. Same here. But panic selling at $2,280 is not a good idea in my opinion.
What did you do? Did you buy $2,280 or still waiting? I want to learn from you guys too.
Not financial advice, just sharing what I'm doing.
#ETH #Ethereum #ETHUSDT #cryptocrash #CryptoUpdate