$ETH has climbed above 2500; the current price is 2512, but it’s still down 1.30% over the past 24 hours. Round-number levels are like that: limit orders, stop-losses, and psychological expectations all pile up around the same number, so bulls and bears have to tussle over it. The first move up—or the first drop back down—is usually just a test.
There’s no complicated way to confirm it: see whether it can close above 2500. It only counts as holding if it retests the level and doesn’t lose it. If volume doesn’t pick up during the push, its footing at this level is shaky.
#ETH
There’s no complicated way to confirm it: see whether it can close above 2500. It only counts as holding if it retests the level and doesn’t lose it. If volume doesn’t pick up during the push, its footing at this level is shaky.
#ETH