#ETH $ETH
Ethereum is back in a range-bound market. It’s no longer time to take a bullish or bearish view; this is purely a deep shakeout. After reaching 2480, open interest had already dropped significantly, but they’re still aggressively shaking out traders. This also stopped out the previous long position that ran from 2400 to 2700.
Today is Friday, so beware of a sudden pump on Saturday or over the weekend.
Once the market correction is over and it turns sideways, you can sell high and buy low.
Ethereum is back in a range-bound market. It’s no longer time to take a bullish or bearish view; this is purely a deep shakeout. After reaching 2480, open interest had already dropped significantly, but they’re still aggressively shaking out traders. This also stopped out the previous long position that ran from 2400 to 2700.
Today is Friday, so beware of a sudden pump on Saturday or over the weekend.
Once the market correction is over and it turns sideways, you can sell high and buy low.