$ETH Ethereum ETH… $2,300 under pressure: Will support hold or open the door to a fresh decline?
While some are waiting for an ETH rebound, technical indicators show that buyers have yet to regain the initiative.
The morning reading on October 29, at $2,301.70, puts the coin near a sensitive psychological level amid weak daily momentum.
The level that could change the picture is $2,364. Reclaiming it and holding above it could prompt the market to retest $2,391. But losing $2,276 could increase selling pressure.
The paradox is that the price approaching support may attract buyers, but it doesn’t prove the decline is over.
Will ETH succeed in reclaiming resistance, or does the market need a new bottom before recovering?
Decision: Monitor only. These figures are reference technical levels, not a buy recommendation or guaranteed execution prices.
While some are waiting for an ETH rebound, technical indicators show that buyers have yet to regain the initiative.
The morning reading on October 29, at $2,301.70, puts the coin near a sensitive psychological level amid weak daily momentum.
The level that could change the picture is $2,364. Reclaiming it and holding above it could prompt the market to retest $2,391. But losing $2,276 could increase selling pressure.
The paradox is that the price approaching support may attract buyers, but it doesn’t prove the decline is over.
Will ETH succeed in reclaiming resistance, or does the market need a new bottom before recovering?
Decision: Monitor only. These figures are reference technical levels, not a buy recommendation or guaranteed execution prices.
