If you thought $ETH looked pretty solid just a couple of days ago, today must be rough. It’s trading at 2,136.8, down 4.46% in a day, with 536.3M in 24-hour trading volume. Sellers are making their position clear through volume.
A high-volume drop doesn’t mean there are no buyers—it means selling pressure is out in the open. This kind of decline is much harder to stomach than a slow bleed. 2,060.0 is the 24-hour low. If it holds, it means there are buyers willing to step in at this level. If it doesn’t, sentiment could drag it down further.
I’m inclined to sit tight and watch for now, because a sharp drop doesn’t necessarily mean the decline is over. But if it falls below 2,060.0, I’ll change my mind immediately—that would mean there’s truly no support below.
Those holding ETH, be honest: are you more tempted to buy more or to get out?
$ETH
#ETH #MarketAnalysis
A high-volume drop doesn’t mean there are no buyers—it means selling pressure is out in the open. This kind of decline is much harder to stomach than a slow bleed. 2,060.0 is the 24-hour low. If it holds, it means there are buyers willing to step in at this level. If it doesn’t, sentiment could drag it down further.
I’m inclined to sit tight and watch for now, because a sharp drop doesn’t necessarily mean the decline is over. But if it falls below 2,060.0, I’ll change my mind immediately—that would mean there’s truly no support below.
Those holding ETH, be honest: are you more tempted to buy more or to get out?
$ETH
#ETH #MarketAnalysis