The $1,717 line I warned about in today's article is now 1.7% away — and the Ethereum Foundation sold 7,500 ETH (~$14.5M) while we watched it fall.
$ETH $1,746.66, down 9.55% today (Finnhub, 22:56 UTC), day low $1,729.16. US spot ETFs bled $398.9M this week, and Kalshi traders said ETH's November low would be $1,760 — we are already under it.
$BTC is down too at $63,546, but ETH is falling faster, and that is the tell: this is forced selling meeting no buyers, not dip-buying.
I am leaning bearish, not brave, until $1,800 reclaims. If $1,717 breaks on the daily close, $1,566 is next. If $1,800 reclaims, the panic trade is over.
$ETH at $1,717 — do you buy the fear, or wait for $1,566?
Not financial advice. DYOR.
#Ethereum #CryptoPsychology #ETH
$ETH $1,746.66, down 9.55% today (Finnhub, 22:56 UTC), day low $1,729.16. US spot ETFs bled $398.9M this week, and Kalshi traders said ETH's November low would be $1,760 — we are already under it.
$BTC is down too at $63,546, but ETH is falling faster, and that is the tell: this is forced selling meeting no buyers, not dip-buying.
I am leaning bearish, not brave, until $1,800 reclaims. If $1,717 breaks on the daily close, $1,566 is next. If $1,800 reclaims, the panic trade is over.
$ETH at $1,717 — do you buy the fear, or wait for $1,566?
Not financial advice. DYOR.
#Ethereum #CryptoPsychology #ETH
