#ETH down 1.35% in 24 hours
$ETH is now at 2370.81, down 1.35% over the past 24 hours. It’s been grinding within a range of 2351.55 to 2417.77 all day, moving less than 3 points in either direction. Trading volume is just over $370 million.
These narrow, grinding markets are where things can go wrong most easily. I’ve seen far too many people glued to their screens, chasing every little uptick and cutting their losses on every dip. By the end of the day, they’ve paid plenty in fees and lost their positions. I’ve done it myself. My thinking now is simple: if the price hasn’t moved outside the range, I sit tight. Trading back and forth is just giving money to the market. If it breaks below 2351.55 and can’t recover, then I was wrong—the market still has further to fall.
Do you think this low of 2351.55 will hold?
$ETH is now at 2370.81, down 1.35% over the past 24 hours. It’s been grinding within a range of 2351.55 to 2417.77 all day, moving less than 3 points in either direction. Trading volume is just over $370 million.
These narrow, grinding markets are where things can go wrong most easily. I’ve seen far too many people glued to their screens, chasing every little uptick and cutting their losses on every dip. By the end of the day, they’ve paid plenty in fees and lost their positions. I’ve done it myself. My thinking now is simple: if the price hasn’t moved outside the range, I sit tight. Trading back and forth is just giving money to the market. If it breaks below 2351.55 and can’t recover, then I was wrong—the market still has further to fall.
Do you think this low of 2351.55 will hold?