ETH back near $2 400. But the level itself is not a reason to buy.
Over the past day, the market has undergone a strong leverage purge: hundreds of millions of dollars in long positions were liquidated, and ETH ended up among the assets under the greatest pressure.
On top of that, there is the macro picture:
→ high yields on US Treasuries;
→ expectations of a tight Fed policy;
→ weaker risk sentiment in crypto.
So now the question isn’t about whether «$ETH is cheap at $2 400».
The question is this:
can buyers return to this level and hold it?
If $ETH moves back above $2 400 and sellers can’t extend the move, the recovery scenario becomes stronger.
If every bounce gets sold and $2 400 turns into resistance, the risk of further downside remains.
A cheaper price ≠ a good entry.
First, confirmation. Then, the decision.
What do you think about ETH right now: accumulation, or is it still too early?
$ETH #Ethereum #Crypto #RiskManagement
Not financial advice.
Over the past day, the market has undergone a strong leverage purge: hundreds of millions of dollars in long positions were liquidated, and ETH ended up among the assets under the greatest pressure.
On top of that, there is the macro picture:
→ high yields on US Treasuries;
→ expectations of a tight Fed policy;
→ weaker risk sentiment in crypto.
So now the question isn’t about whether «$ETH is cheap at $2 400».
The question is this:
can buyers return to this level and hold it?
If $ETH moves back above $2 400 and sellers can’t extend the move, the recovery scenario becomes stronger.
If every bounce gets sold and $2 400 turns into resistance, the risk of further downside remains.
A cheaper price ≠ a good entry.
First, confirmation. Then, the decision.
What do you think about ETH right now: accumulation, or is it still too early?
$ETH #Ethereum #Crypto #RiskManagement
Not financial advice.