On the 1h timeframe, it’s a low-volume sideways range. The price is oscillating around 1793, and the 24h range is only 6%.
With this volume, it’s obvious the main force is using bait orders to lure people. 1833 is the high-pressure line above; 1742 is the last piece of decency-covering below.
Do you think the bounce from 1729 to 1833 is a reversal? Lol. The bulls can’t even hold 1800—what trends are you talking about?
If the 1h timeframe breaks down on higher volume below 1742, then we’ll see 1650. By then, the bulls’ corpses will be paving the way.
If it breaks out above 1833 with volume and holds, then in the short term it may touch 1880—but that’s only a rebound, not a bull market.
A low-volume market is what the dog dealers like most—stab the price back and forth, cut the longs, then cut the shorts.
Don’t talk to me about the Ethereum ecosystem. It’s all a chip game—whoever makes the first move gets killed first.
The main players are making it obvious and baiting with low-volume trades. Do you choose to catch the knife at the low end, or sit back coldly and wait for a volume-expansion signal?
$ETH $EFI $L2