$ETH just lost $2,300, and October is closing down 16%. Is $2,200 the last line? 🚨
Price is around $2,240, bouncing about 2% off yesterday's low near $2,206 but still roughly 41% below where it traded a year ago and about 55% below its all-time high. The 30-day low broke, and now that level is a ceiling. 👀
Levels I'm watching:
🟣 $2,349: lost support, now a ceiling
🔴 $2,313: 30-day low, reclaim it to ease the pressure
🟢 $2,206: support, yesterday's low
⚠️ Lose $2,200 and the 200-day SMA near $2,155 is next
Spot ETH ETF outflows and a delayed Glamsterdam upgrade have capped every bounce this month.
My plan: no catching the knife. I want a daily close back above $2,313 before I get bullish, and I'm stepping aside if $2,200 breaks.
Dead-cat bounce or the start of a deeper move? 👇
#ETH #Ethereum #crypto #cryptotrading #altcoins
@Zetoshi X @Ismeidy @BitEagle News
Price is around $2,240, bouncing about 2% off yesterday's low near $2,206 but still roughly 41% below where it traded a year ago and about 55% below its all-time high. The 30-day low broke, and now that level is a ceiling. 👀
Levels I'm watching:
🟣 $2,349: lost support, now a ceiling
🔴 $2,313: 30-day low, reclaim it to ease the pressure
🟢 $2,206: support, yesterday's low
⚠️ Lose $2,200 and the 200-day SMA near $2,155 is next
Spot ETH ETF outflows and a delayed Glamsterdam upgrade have capped every bounce this month.
My plan: no catching the knife. I want a daily close back above $2,313 before I get bullish, and I'm stepping aside if $2,200 breaks.
Dead-cat bounce or the start of a deeper move? 👇
#ETH #Ethereum #crypto #cryptotrading #altcoins
@Zetoshi X @Ismeidy @BitEagle News
