ETH is pressing against the ceiling: 2,270 now, with the 7D MA at 2,286 and last week's bounce high at 2,306 stacked right overhead. Today's intraday high touched 2,282 and stalled.
The tell is volume. This three-day bounce has been running on $3B turnover a day — against $11.7B on the Oct 30 hammer candle that marked the low at 2,172. Rising into resistance on a quarter of the fuel is what a weak rebound looks like.
Tonight's daily close decides: stay capped below 2,306 → it's a corrective bounce, and 2,180-2,100 come back into view. A volume-backed close above 2,306 → the repair graduates, opening the 99D at 2,353 and 25D at 2,387.
Bigger picture unchanged: both long-term MAs still cap price, so every rally so far is off-market strength, not trend reversal. Bulls' one real asset is that 2,172 floor — bought with real volume, twice-tested logic still intact.
$ETH
(Personal trade journal, not financial advice. DYOR.)
The tell is volume. This three-day bounce has been running on $3B turnover a day — against $11.7B on the Oct 30 hammer candle that marked the low at 2,172. Rising into resistance on a quarter of the fuel is what a weak rebound looks like.
Tonight's daily close decides: stay capped below 2,306 → it's a corrective bounce, and 2,180-2,100 come back into view. A volume-backed close above 2,306 → the repair graduates, opening the 99D at 2,353 and 25D at 2,387.
Bigger picture unchanged: both long-term MAs still cap price, so every rally so far is off-market strength, not trend reversal. Bulls' one real asset is that 2,172 floor — bought with real volume, twice-tested logic still intact.
$ETH
(Personal trade journal, not financial advice. DYOR.)
