Alright guys, looking at the daily chart😁
$ETH is looking weak after rejecting that $2,800s supply zone.
We’ve seen a steady bleed since early October, and the price action is printing lower highs and lower lows.
Right now, we are hovering around $2,313, but I’m not stepping in yet.
I see a clear liquidity void down to the next major support level, and the market usually likes to sweep the lows before any sort of reversal.
If we get a relief bounce back up to the $2,400 - $2,450 area, I’ll be looking for a rejection to short back down to the range lows.
I have my eye strictly on that green box at the bottom, specifically the $2,210 - $2,250 zone.
This is a high-confluence area that acted as support back in late August.
I want to see a strong wick or a bullish candle close inside this box before I trigger a long.
If we lose $2,210 on a daily close, I'm out—no catching a falling knife.
$ETH
$ETH is looking weak after rejecting that $2,800s supply zone.
We’ve seen a steady bleed since early October, and the price action is printing lower highs and lower lows.
Right now, we are hovering around $2,313, but I’m not stepping in yet.
I see a clear liquidity void down to the next major support level, and the market usually likes to sweep the lows before any sort of reversal.
If we get a relief bounce back up to the $2,400 - $2,450 area, I’ll be looking for a rejection to short back down to the range lows.
I have my eye strictly on that green box at the bottom, specifically the $2,210 - $2,250 zone.
This is a high-confluence area that acted as support back in late August.
I want to see a strong wick or a bullish candle close inside this box before I trigger a long.
If we lose $2,210 on a daily close, I'm out—no catching a falling knife.
$ETH