$ETH lost 2,400 on Tuesday, then took it back the same day. That matters more than the dip.
- Low: 2,372.62
- Close: 2,449.20, the best close in a week
- Bounce from the low: about 3.2%
- Now: 2,449
Yesterday I wrote that a daily close under 2,400 would end the floor story. It didn't close there. Sellers pushed through 2,400 and couldn't hold it.
Last week's highs were 2,530.4 on Oct 14 and 2,494 on Oct 16. ETH hasn't closed above 2,500 since Oct 11.
My lines:
- 2,500: a daily close above it is the bounce I've been waiting for
- 2,400: back under it and Tuesday was noise
- 2,318: the Oct 15 low, where the downside opens
NFA. Does ETH close above 2,500 before it tests 2,400 again?
- Low: 2,372.62
- Close: 2,449.20, the best close in a week
- Bounce from the low: about 3.2%
- Now: 2,449
Yesterday I wrote that a daily close under 2,400 would end the floor story. It didn't close there. Sellers pushed through 2,400 and couldn't hold it.
Last week's highs were 2,530.4 on Oct 14 and 2,494 on Oct 16. ETH hasn't closed above 2,500 since Oct 11.
My lines:
- 2,500: a daily close above it is the bounce I've been waiting for
- 2,400: back under it and Tuesday was noise
- 2,318: the Oct 15 low, where the downside opens
NFA. Does ETH close above 2,500 before it tests 2,400 again?