From the perspective of capital flows: $ETH falls below the 2,500 level
There are usually clusters of pending orders around key levels, and big players love to make their moves there: they may either sweep stop-losses by pushing the price below a level before recovering it, or break through for real and let the move run. To tell the two apart, watch which way trading volume near the price level is skewed.
#EthereumBreaksAbove$2,500
For record-keeping only, not investment advice.
There are usually clusters of pending orders around key levels, and big players love to make their moves there: they may either sweep stop-losses by pushing the price below a level before recovering it, or break through for real and let the move run. To tell the two apart, watch which way trading volume near the price level is skewed.
#EthereumBreaksAbove$2,500
For record-keeping only, not investment advice.