$ETH
This move lifted from around 2480 to 2672 all the way—sentiment has already been ignited.
But after the spike, it’s clearly starting to breathe.
Now around 2631, the price is holding just below the Bollinger midline at 2638.
Above, 2652 is the first resistance level, and 2672 is the previous high and a strong pressure zone.
I’m not in a hurry to chase a long right now.
2623 is the key support line—so long as it holds, any pullback is more like a shakeout.
Only if price can reclaim 2638 will there be a chance to push toward 2652 and even 2672.
But if 2623 breaks down on increased volume, don’t force it—focus below on 2610 and 2600.
Right now it’s a tug-of-war between bulls and bears.
What’s most feared isn’t the drop itself,
but opening positions randomly without confirmation of direction.
Wait for the market to show its stance first—opportunities are always more plentiful than bullets.
This move lifted from around 2480 to 2672 all the way—sentiment has already been ignited.
But after the spike, it’s clearly starting to breathe.
Now around 2631, the price is holding just below the Bollinger midline at 2638.
Above, 2652 is the first resistance level, and 2672 is the previous high and a strong pressure zone.
I’m not in a hurry to chase a long right now.
2623 is the key support line—so long as it holds, any pullback is more like a shakeout.
Only if price can reclaim 2638 will there be a chance to push toward 2652 and even 2672.
But if 2623 breaks down on increased volume, don’t force it—focus below on 2610 and 2600.
Right now it’s a tug-of-war between bulls and bears.
What’s most feared isn’t the drop itself,
but opening positions randomly without confirmation of direction.
Wait for the market to show its stance first—opportunities are always more plentiful than bullets.
