$ETH at $2,022.52 is not a clean dip yet. ⚠️
Down 3.27% today, with $492.01M traded, and the 4h is down 2.7%. RSI is 33, so sellers may be getting tired.
Tired sellers can continue.
Price is below the 20d and 50d averages, 20% under the 30d high, while longs are paying 0.008% funding. Weak trend, crowded risk. Volume is only 0.8x its 20d average.
I’ve been burned buying oversold candles. At $2,000, I’d wait for a reclaim and hold instead of catching another knife. $SOL strength would help, but ETH needs to prove it can stand alone. 🧱
#Ethereum #Layer1
Down 3.27% today, with $492.01M traded, and the 4h is down 2.7%. RSI is 33, so sellers may be getting tired.
Tired sellers can continue.
Price is below the 20d and 50d averages, 20% under the 30d high, while longs are paying 0.008% funding. Weak trend, crowded risk. Volume is only 0.8x its 20d average.
I’ve been burned buying oversold candles. At $2,000, I’d wait for a reclaim and hold instead of catching another knife. $SOL strength would help, but ETH needs to prove it can stand alone. 🧱
#Ethereum #Layer1