This Ethereum pullback was so precise it felt like it was measured with a ruler.
Just now $ETH dipped as low as 2468, while the prior monthly high is 2464.91. That’s a difference of 3.09 points, and it still didn’t break through.
Tell me—was that a coincidence?
Turning the prior high into support is the most classic play in technical analysis. The bears sold hard all day, smashed right up to the door of the previous high, and still got slapped back by the bulls. The level 2464.91 is the highest price when the monthly candle previously closed—once the ceiling, now the floor.
And look at today’s vibe—Waller turned hawkish, the rate-hike probability jumped to 50%, the U.S. stock market did a V-shaped reversal, SATA is still scooping up, and a big player on Hyperliquid just opened a long on ETH worth $20 million. The news is a chaotic mix, but ETH has held steady at the key level.
If it’s going to fall, it should fall—but it didn’t. That’s strength.
The bears waited for a breakdown of the prior high to throw a celebration, but 2468 was where it stopped. What does that mean? It means there are buy walls (support orders) below, big players are defending, and smart money is stepping in.
Support at the prior high on the monthly timeframe isn’t something you can just break. Once this level confirms it can hold, think about the upside space yourself.
$BTC
The bears smashed into the doorstep and couldn’t push through—so who’s going to perform next?
Just now $ETH dipped as low as 2468, while the prior monthly high is 2464.91. That’s a difference of 3.09 points, and it still didn’t break through.
Tell me—was that a coincidence?
Turning the prior high into support is the most classic play in technical analysis. The bears sold hard all day, smashed right up to the door of the previous high, and still got slapped back by the bulls. The level 2464.91 is the highest price when the monthly candle previously closed—once the ceiling, now the floor.
And look at today’s vibe—Waller turned hawkish, the rate-hike probability jumped to 50%, the U.S. stock market did a V-shaped reversal, SATA is still scooping up, and a big player on Hyperliquid just opened a long on ETH worth $20 million. The news is a chaotic mix, but ETH has held steady at the key level.
If it’s going to fall, it should fall—but it didn’t. That’s strength.
The bears waited for a breakdown of the prior high to throw a celebration, but 2468 was where it stopped. What does that mean? It means there are buy walls (support orders) below, big players are defending, and smart money is stepping in.
Support at the prior high on the monthly timeframe isn’t something you can just break. Once this level confirms it can hold, think about the upside space yourself.
$BTC
The bears smashed into the doorstep and couldn’t push through—so who’s going to perform next?
