Why $ETH Is Struggling at $2053 (And the Exact Levels to Watch)
Ethereum is sitting heavy at $2,052.99, pressed down by the 20-hour moving average at $2,065 and the 50-hour moving average at $2,073. With the RSI hovering right at 48, momentum clearly favors the bears after tapping a 24-hour high near $2,103. If the immediate support floor at $2,035 fails to hold, we could see a quick slide toward deeper liquidity. Meanwhile, TAO is also lagging at $216.40 with a weak RSI of 40.6. Patience is key until price action reclaims those moving averages.
Is this dip an obvious buying opportunity to you, or does price action still feel too heavy?
$ETH $TAO #Bitcoin #CryptoMarket #TradingView
Ethereum is sitting heavy at $2,052.99, pressed down by the 20-hour moving average at $2,065 and the 50-hour moving average at $2,073. With the RSI hovering right at 48, momentum clearly favors the bears after tapping a 24-hour high near $2,103. If the immediate support floor at $2,035 fails to hold, we could see a quick slide toward deeper liquidity. Meanwhile, TAO is also lagging at $216.40 with a weak RSI of 40.6. Patience is key until price action reclaims those moving averages.
Is this dip an obvious buying opportunity to you, or does price action still feel too heavy?
$ETH $TAO #Bitcoin #CryptoMarket #TradingView
