$ETH fell below the 1,800 level.
Let’s talk about what lies behind this number.
Support and resistance are more like price ranges than exact price points, so it’s perfectly normal for prices to fluctuate around them.
The first rebound after a break below a level is often seen as a litmus test: only when the price is turned back near that level does the logic of support turning into resistance really hold.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb from a single example.
#ETH
Let’s talk about what lies behind this number.
Support and resistance are more like price ranges than exact price points, so it’s perfectly normal for prices to fluctuate around them.
The first rebound after a break below a level is often seen as a litmus test: only when the price is turned back near that level does the logic of support turning into resistance really hold.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb from a single example.
#ETH
