$ETH 15 minutes drop 2.07%, current price 2464.22. Afterwards there are two scenarios:
① Consolidate sideways with shrinking volume and then move back above the starting point of the drop → this move is more like a sentiment-driven kill
② The rebound fails to hold and doesn’t go back, then breaks below the 24h low 2455.58 → the downward move will likely continue
I personally will wait to see how the first rebound performs before drawing a conclusion. If it were you, would you still make a move or wait a bit longer?
#ETH
Just my personal opinion—please look at it rationally.
① Consolidate sideways with shrinking volume and then move back above the starting point of the drop → this move is more like a sentiment-driven kill
② The rebound fails to hold and doesn’t go back, then breaks below the 24h low 2455.58 → the downward move will likely continue
I personally will wait to see how the first rebound performs before drawing a conclusion. If it were you, would you still make a move or wait a bit longer?
#ETH
Just my personal opinion—please look at it rationally.