The hour with the steepest drop was also the hour with the most buying.
Someone was there to catch it.
What was really caught wasn't the price, but that long lower wick.
At 11 o'clock, trading volume hit 745 million, 3.46 times the median of 216 million across 199 candles.
At the open, the price was still holding above 2243.28. It got slammed all the way down to 2225.01, then climbed back to 2248.43 within an hour—just $1.34 shy of the day's high.
$ETH is now at 2316.16, up 1.54% on the day, recovering 4.1% from its low.
4.2% isn't much.
Keep an eye on 2225.01. Whether it holds matters more than a few percentage points up.
If it holds above 2320, resistance comes in at 2391.49. If it breaks below 2225.01, the next level to watch is 2172.85.
$NEAR is up 3.17% today. ETH isn't the only thing moving in L1.
Where volume picks up matters more than which way it moves.
Don't rush. Wait for the second lower wick.
Tonight, above 2330, did you trim or add?
Someone was there to catch it.
What was really caught wasn't the price, but that long lower wick.
At 11 o'clock, trading volume hit 745 million, 3.46 times the median of 216 million across 199 candles.
At the open, the price was still holding above 2243.28. It got slammed all the way down to 2225.01, then climbed back to 2248.43 within an hour—just $1.34 shy of the day's high.
$ETH is now at 2316.16, up 1.54% on the day, recovering 4.1% from its low.
4.2% isn't much.
Keep an eye on 2225.01. Whether it holds matters more than a few percentage points up.
If it holds above 2320, resistance comes in at 2391.49. If it breaks below 2225.01, the next level to watch is 2172.85.
$NEAR is up 3.17% today. ETH isn't the only thing moving in L1.
Where volume picks up matters more than which way it moves.
Don't rush. Wait for the second lower wick.
Tonight, above 2330, did you trim or add?
