$ETH 2.666.
ETH is still trading in the lower half of the range. The 30m and 15m frames are stuck between the support zone 2,637–2,654 and the resistance zone 2,677–2,695; the two 30m moving averages are sticking together around 2,672. In short: there’s no clear direction yet.
Over the last six days, ETH has only moved within 2,626–2,743. If the price doesn’t fall when it rests, I won’t short; for a long, there’s no setup that’s leading the way yet. I’m standing aside and waiting for it to choose.
If 2,635 breaks with force, look at 2,600, then 2,565–2,575. If it goes through 2,695, 2,725 is the next target.
$BTC is also stuck around 82.5–83.5k. When both the “two locomotives” stand still, it’s harder for altcoins to run far on their own.
2,635 or 2,695— which one breaks first?
This is my personal observation, not investment advice.
#ETH #Ethereum $ETH $BTC
ETH is still trading in the lower half of the range. The 30m and 15m frames are stuck between the support zone 2,637–2,654 and the resistance zone 2,677–2,695; the two 30m moving averages are sticking together around 2,672. In short: there’s no clear direction yet.
Over the last six days, ETH has only moved within 2,626–2,743. If the price doesn’t fall when it rests, I won’t short; for a long, there’s no setup that’s leading the way yet. I’m standing aside and waiting for it to choose.
If 2,635 breaks with force, look at 2,600, then 2,565–2,575. If it goes through 2,695, 2,725 is the next target.
$BTC is also stuck around 82.5–83.5k. When both the “two locomotives” stand still, it’s harder for altcoins to run far on their own.
2,635 or 2,695— which one breaks first?
This is my personal observation, not investment advice.
#ETH #Ethereum $ETH $BTC
