$ETH
The 1900 level got tested again last night, but it held.
ETH hit a low of 1895.95 last night, dipping below 1900 for the first time since August 18, then turned around and climbed back above it. It’s at 1940 now, still testing the 1890–1920 support zone.
It’s down more than 14% in seven days. Yesterday alone saw $289 million in liquidations, 89.5% of them on long positions. This wasn’t just retail investors scaring themselves—the leverage got flushed out first.
But one thing needs to be clear: ETH isn’t moving on its own right now.
BTC is at 68659, still holding above the 200-week moving average at 67879. If BTC doesn’t move, ETH is just following along. Holding 1900 is just holding support, not a reversal signal.
My game plan hasn’t changed:
If the 1890–1920 zone holds, I’m looking first at 2000, then 2038 and 2104 if it reclaims 2000.
If it closes below 1890 on the daily chart, I’m out. The next levels are 1850, then 1832. Don’t try to catch a falling knife halfway down.
If BTC loses 67879 too, this whole outlook is invalidated.
Same rule for position size: at a level like this, only try a small position at most. Don’t go all in.
#ETH
Personal analysis, not investment advice
The 1900 level got tested again last night, but it held.
ETH hit a low of 1895.95 last night, dipping below 1900 for the first time since August 18, then turned around and climbed back above it. It’s at 1940 now, still testing the 1890–1920 support zone.
It’s down more than 14% in seven days. Yesterday alone saw $289 million in liquidations, 89.5% of them on long positions. This wasn’t just retail investors scaring themselves—the leverage got flushed out first.
But one thing needs to be clear: ETH isn’t moving on its own right now.
BTC is at 68659, still holding above the 200-week moving average at 67879. If BTC doesn’t move, ETH is just following along. Holding 1900 is just holding support, not a reversal signal.
My game plan hasn’t changed:
If the 1890–1920 zone holds, I’m looking first at 2000, then 2038 and 2104 if it reclaims 2000.
If it closes below 1890 on the daily chart, I’m out. The next levels are 1850, then 1832. Don’t try to catch a falling knife halfway down.
If BTC loses 67879 too, this whole outlook is invalidated.
Same rule for position size: at a level like this, only try a small position at most. Don’t go all in.
#ETH
Personal analysis, not investment advice
