Let’s review $ETH ’s recent price action. I previously said to keep an eye on 1,933.5 as the dividing line between bulls and bears: if it held, the market would likely keep grinding; if it broke, the price would continue falling with the trend. In the end, the price slid all the way from there to 1,723.0, down 10.68% in 24 hours, so I got the direction right. But I misjudged the timing and magnitude. I thought the area around 1,800 might provide some support, but the price broke straight through before a rebound had really taken shape. It has already touched a low of 1,722.5, putting the current price right near the 24-hour low. Volume at 935.4M hasn’t really dried up either, which suggests genuine selling pressure—not just a brief wick.
Looking back, I underestimated how persistent this downturn would be and assumed too readily that “a drop would be followed by a bounce.” In reality, rebounds tend to get smaller as the market weakens. If $ETH fails to hold 1,722.5, the next level to watch is the round-number mark below. On the other hand, we can only talk about a potential bottom after the price gets back above 1,750 and confirms with supportive price action and volume. For now, the approach is simple: use 1,722.5 as the reference low. Don’t enter if it can’t hold; wait for the market to show a rebound signal. 🔍 #ETH #Crypto
Looking back, I underestimated how persistent this downturn would be and assumed too readily that “a drop would be followed by a bounce.” In reality, rebounds tend to get smaller as the market weakens. If $ETH fails to hold 1,722.5, the next level to watch is the round-number mark below. On the other hand, we can only talk about a potential bottom after the price gets back above 1,750 and confirms with supportive price action and volume. For now, the approach is simple: use 1,722.5 as the reference low. Don’t enter if it can’t hold; wait for the market to show a rebound signal. 🔍 #ETH #Crypto