$ETH is at $2,704 and has been stuck in a tight range for about 8 days, after running from 2,450 to a high of 2,807.
Resistance is 2,738 to 2,750, which it has failed at several times. Support is 2,600 to 2,668, and both dips into that area have been bought so far.
Volume is fading while price compresses. That usually comes before a bigger move, but it doesn't tell you the direction.
A daily close above 2,750 puts 2,807 back in play. A close below 2,600 opens 2,530 and then 2,450. Until one of those breaks, I'd treat it as a range.
Which side do you think breaks first?
#ETH #crypto #Binance
Resistance is 2,738 to 2,750, which it has failed at several times. Support is 2,600 to 2,668, and both dips into that area have been bought so far.
Volume is fading while price compresses. That usually comes before a bigger move, but it doesn't tell you the direction.
A daily close above 2,750 puts 2,807 back in play. A close below 2,600 opens 2,530 and then 2,450. Until one of those breaks, I'd treat it as a range.
Which side do you think breaks first?
#ETH #crypto #Binance
