⚠️ $ETH is still clinging to its daily 200 EMA. After falling 7.7% on Nov 5, it closed flat (+0.02%) on Nov 6 at $2,237.6, with the 200 EMA at $2,233.9: just 0.2% above.
Daily RSI at 39 and volume at average (0.95x): a pause after the drop, not yet oversold.
Key levels: 4-hour support at $2,205 and daily support at $2,173 (20-candle low). To ease the pressure, reclaim $2,280–$2,295 (4-hour 20/50 EMAs).
Open interest +2.8% and funding at 0.009% (neutral): positions are coming in, with no clear bias.
Will the daily 200 EMA hold, or will it break? 👇
#ETH #Ethereum #EMA200 #Cripto #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
Daily RSI at 39 and volume at average (0.95x): a pause after the drop, not yet oversold.
Key levels: 4-hour support at $2,205 and daily support at $2,173 (20-candle low). To ease the pressure, reclaim $2,280–$2,295 (4-hour 20/50 EMAs).
Open interest +2.8% and funding at 0.009% (neutral): positions are coming in, with no clear bias.
Will the daily 200 EMA hold, or will it break? 👇
#ETH #Ethereum #EMA200 #Cripto #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.