At $ETH , I’m in no rush to make a move.
The current price is around 2243, with 2300 still hanging overhead as resistance.
Since falling from the October high near 2800, it’s been steadily drifting lower. It’s broken below all the moving averages, and the 2300–2360 area that used to be support has now turned into resistance. To catch a breather, it needs to reclaim 2300 first. There’s another hurdle above 2350, and only a firm hold above 2450 would mean buyers are really back.
I’m watching just two levels: can it reclaim 2300 on the upside, and will 2200 hold on the downside?
$BTC is grinding sideways too, around 77335. It hasn’t reclaimed 78000 or broken below 75000. If the big player doesn’t show its hand, there’s no point in the little guys charging in on their own.
So I’m not opening a new position here. If I’m going to follow ETH, I’ll wait for it to reclaim 2300 first. I’ll consider taking a position only if $BTC also holds above 75000; otherwise, I’d just be handing my money over to volatility.
This is my personal analysis and not investment advice.
#ETH
The current price is around 2243, with 2300 still hanging overhead as resistance.
Since falling from the October high near 2800, it’s been steadily drifting lower. It’s broken below all the moving averages, and the 2300–2360 area that used to be support has now turned into resistance. To catch a breather, it needs to reclaim 2300 first. There’s another hurdle above 2350, and only a firm hold above 2450 would mean buyers are really back.
I’m watching just two levels: can it reclaim 2300 on the upside, and will 2200 hold on the downside?
$BTC is grinding sideways too, around 77335. It hasn’t reclaimed 78000 or broken below 75000. If the big player doesn’t show its hand, there’s no point in the little guys charging in on their own.
So I’m not opening a new position here. If I’m going to follow ETH, I’ll wait for it to reclaim 2300 first. I’ll consider taking a position only if $BTC also holds above 75000; otherwise, I’d just be handing my money over to volatility.
This is my personal analysis and not investment advice.
#ETH
