$ETH is green, but the chart is still guilty.
Up 0.77% to $2,248 with $349.18M traded, yet the last 4h only added 0.2%. Barely moving. 📉
RSI sits at 43, price remains below the 20d and 50d averages, and volume is just 0.1x its 20d average. That is not strong demand.
Still, ETH is 18% up its 30d range and only 13% below the high, so the opportunity is real. $XRP can run harder in this kind of rotation, but ETH has the deeper liquidity.
At $2,250, I’d wait for acceptance, not chase. Longs are already paying funding at 0.004%. I’ve been burned by “green” candles like this before. ⚠️
#Ethereum #Altcoin #Layer1
Up 0.77% to $2,248 with $349.18M traded, yet the last 4h only added 0.2%. Barely moving. 📉
RSI sits at 43, price remains below the 20d and 50d averages, and volume is just 0.1x its 20d average. That is not strong demand.
Still, ETH is 18% up its 30d range and only 13% below the high, so the opportunity is real. $XRP can run harder in this kind of rotation, but ETH has the deeper liquidity.
At $2,250, I’d wait for acceptance, not chase. Longs are already paying funding at 0.004%. I’ve been burned by “green” candles like this before. ⚠️
#Ethereum #Altcoin #Layer1