ETH JUST PROVED 2519 IS A CEILING AS THE WEEK CLOSED FLAT
Here is the whole week in one ugly sentence for Ether holders
Ether spiked to 2519 in the middle of the week and then gave every bit of it back to close at 2348 almost exactly where the week opened at 2336
That is not a rally taking a breather
That is a ceiling doing its job
Bitcoin did the same dance on a bigger stage by the way
It ran to 84720 during the week and closed at 80485 with the Monday tape already back under 80000 and fear sitting at 50
So the market did not fall apart
It just refused to pay up for higher prices
Now the money trail
American Ether funds took in money on exactly one day last week
Wednesday gave them 15 million and that was it
Monday lost 103 million and Thursday lost 111 million and Friday managed only 4 million back
Add it up and the week bled 221 million while the price went nowhere
My take as an analyst is blunt here
When the funds bleed four days out of five and the spike still fails you do not have a dip to buy
You have a range to respect
So which side are you on
Do you see 2519 as a ceiling that holds again or as a door that finally breaks on the next try
I am watching 2287 first because that was the week low and a daily close under it tells me the sellers are done toying around and the next stop is a real slide
Hold above it and this stays a boring sideways grind into the Fed statement on Wednesday
Ceilings hold until they do not and right now this one is holding
$ETH
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #ETHWeekCeiling
Here is the whole week in one ugly sentence for Ether holders
Ether spiked to 2519 in the middle of the week and then gave every bit of it back to close at 2348 almost exactly where the week opened at 2336
That is not a rally taking a breather
That is a ceiling doing its job
Bitcoin did the same dance on a bigger stage by the way
It ran to 84720 during the week and closed at 80485 with the Monday tape already back under 80000 and fear sitting at 50
So the market did not fall apart
It just refused to pay up for higher prices
Now the money trail
American Ether funds took in money on exactly one day last week
Wednesday gave them 15 million and that was it
Monday lost 103 million and Thursday lost 111 million and Friday managed only 4 million back
Add it up and the week bled 221 million while the price went nowhere
My take as an analyst is blunt here
When the funds bleed four days out of five and the spike still fails you do not have a dip to buy
You have a range to respect
So which side are you on
Do you see 2519 as a ceiling that holds again or as a door that finally breaks on the next try
I am watching 2287 first because that was the week low and a daily close under it tells me the sellers are done toying around and the next stop is a real slide
Hold above it and this stays a boring sideways grind into the Fed statement on Wednesday
Ceilings hold until they do not and right now this one is holding
$ETH
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #ETHWeekCeiling
