$ETH call check, and a new line in the sand.
On Tuesday I said a daily close under $2,060 opens a trip to $2,000 next. ETH closed at $2,053 and wicked to $2,006, so close but not a clean hit. Since then it has sat in a tight $2,036 to $2,104 box for two days, now near $2,052 on Binance.
Context: about 27% off the late-September high near $2,807, ETH/BTC down to 0.0278 from 0.0295 last Sunday, and spot ETH ETFs had a 5th straight red day on Wednesday (about -$145M per Farside).
My view through Sunday Nov 15, slight bearish lean:
- Daily close above $2,104 means room to $2,160 (Monday's high).
- Daily close under $2,006 and I'd watch $1,930 to $1,950, the top of the August range before the breakout.
I'm wrong if ETH closes above $2,160 on a daily basis.
#ETH #Ethereum #CryptoMarket Not financial advice.
On Tuesday I said a daily close under $2,060 opens a trip to $2,000 next. ETH closed at $2,053 and wicked to $2,006, so close but not a clean hit. Since then it has sat in a tight $2,036 to $2,104 box for two days, now near $2,052 on Binance.
Context: about 27% off the late-September high near $2,807, ETH/BTC down to 0.0278 from 0.0295 last Sunday, and spot ETH ETFs had a 5th straight red day on Wednesday (about -$145M per Farside).
My view through Sunday Nov 15, slight bearish lean:
- Daily close above $2,104 means room to $2,160 (Monday's high).
- Daily close under $2,006 and I'd watch $1,930 to $1,950, the top of the August range before the breakout.
I'm wrong if ETH closes above $2,160 on a daily basis.
#ETH #Ethereum #CryptoMarket Not financial advice.
