$GWEI broke Monday's high at 4:15 AM ET, then gave back half the run ๐ค
ETHGas is up +2.2% in 24h at $0.02244, and +10.9% on the week.
On Oct 6, $GWEI was around $0.0201. Now it's $0.02244.
๐ What the chart shows
GWEI set its 24h low of $0.021332 at 10 AM ET Monday and bounced to $0.02273 by 12:15 PM. That peak didn't hold: it faded to $0.021506 at 8:45 PM and sat near $0.0218 until 1:30 AM ET. The 1:30 AM candle jumped to $0.022306, and at 4:15 AM GWEI wicked to $0.023082, above Monday's high. It has since cooled to $0.02244.
๐ Why it moved
The 4:15 and 4:30 AM ET candles each traded ~10x KuCoin's median 15m volume. KuCoin's GWEI book is small (~$47K a day); CoinGecko lists ~$155M across exchanges.
๐งญ Key levels
๐ข Support: $0.02243, then $0.0218, then $0.021332 (24h low)
๐ด Resistance: $0.02273, then $0.023082 (24h high), then $0.025127 (Oct 18 high)
๐ Reclaim $0.023082 and the Oct 18 high is the next test.
๐ป Lose $0.02243 and the $0.0218 base gets retested.
๐บ๏ธ I'm waiting for more confirmation on these $GWEI levels before my next entry. If I get it, I'll share it in my TG first.
๐ Don't chase a +2% candle blind. Know the levels first.
โก Keep an eye on my TG.
https://t.me/+73pIdTuilisxMmY0
ETHGas is up +2.2% in 24h at $0.02244, and +10.9% on the week.
On Oct 6, $GWEI was around $0.0201. Now it's $0.02244.
๐ What the chart shows
GWEI set its 24h low of $0.021332 at 10 AM ET Monday and bounced to $0.02273 by 12:15 PM. That peak didn't hold: it faded to $0.021506 at 8:45 PM and sat near $0.0218 until 1:30 AM ET. The 1:30 AM candle jumped to $0.022306, and at 4:15 AM GWEI wicked to $0.023082, above Monday's high. It has since cooled to $0.02244.
๐ Why it moved
The 4:15 and 4:30 AM ET candles each traded ~10x KuCoin's median 15m volume. KuCoin's GWEI book is small (~$47K a day); CoinGecko lists ~$155M across exchanges.
๐งญ Key levels
๐ข Support: $0.02243, then $0.0218, then $0.021332 (24h low)
๐ด Resistance: $0.02273, then $0.023082 (24h high), then $0.025127 (Oct 18 high)
๐ Reclaim $0.023082 and the Oct 18 high is the next test.
๐ป Lose $0.02243 and the $0.0218 base gets retested.
๐บ๏ธ I'm waiting for more confirmation on these $GWEI levels before my next entry. If I get it, I'll share it in my TG first.
๐ Don't chase a +2% candle blind. Know the levels first.
โก Keep an eye on my TG.
https://t.me/+73pIdTuilisxMmY0