Just watched $ETH sweep under all those recent lows — classic move.
Usually when you see that kind of flush, there's a decent chance we bounce from here. The real question isn't the bounce itself, it's whether this is actually the bottom or just another fake-out before more pain.
If we somehow reclaim $2,425 and hold it? That changes the whole vibe. We'd be back in bullish territory, at least short-term. But that's a big if.
I've seen this movie before — sometimes the sweep is the bottom, sometimes it's just a rest stop on the way down. Market loves to keep you guessing.
Watch that $2,425 level closely. That's your line in the sand between 'maybe we're okay' and 'still bleeding out.'
Usually when you see that kind of flush, there's a decent chance we bounce from here. The real question isn't the bounce itself, it's whether this is actually the bottom or just another fake-out before more pain.
If we somehow reclaim $2,425 and hold it? That changes the whole vibe. We'd be back in bullish territory, at least short-term. But that's a big if.
I've seen this movie before — sometimes the sweep is the bottom, sometimes it's just a rest stop on the way down. Market loves to keep you guessing.
Watch that $2,425 level closely. That's your line in the sand between 'maybe we're okay' and 'still bleeding out.'