🚨 $ETH has one mission this week: Hold $2,400.
ETH is up more than 6% today, but the rally has taken the price straight into a major confluence of resistance:
• Previous support, now acting as resistance.
• The underside of its broken ascending trendline.
• Adaptive EMAs
This is a significant level that ETH lost during its collapse in recent weeks.
If the bulls fail to reclaim and hold this zone, today’s pump risks being nothing more than a relief rally into resistance before another drop.
The bulls need to prove that this is more than just a bounce.$ETH
ETH is up more than 6% today, but the rally has taken the price straight into a major confluence of resistance:
• Previous support, now acting as resistance.
• The underside of its broken ascending trendline.
• Adaptive EMAs
This is a significant level that ETH lost during its collapse in recent weeks.
If the bulls fail to reclaim and hold this zone, today’s pump risks being nothing more than a relief rally into resistance before another drop.
The bulls need to prove that this is more than just a bounce.$ETH
