$ETH quietly crawling back.
Since the Oct 30 flush to 2174 it's been tiny green 4H candles, one after another, now sitting around 2271 right on the 4H EMA20 for the first time since the dump.
Problem is volume. Bounce volume is a fraction of the selloff, so honestly this looks more like sellers resting than buyers showing up.
For me 2293 is the real test, that's where it broke down. A 4H close above that and 2329 opens up.
If it rolls over here and loses 2250, I think 2208 comes back fast and the bounce was just a breather.
Since the Oct 30 flush to 2174 it's been tiny green 4H candles, one after another, now sitting around 2271 right on the 4H EMA20 for the first time since the dump.
Problem is volume. Bounce volume is a fraction of the selloff, so honestly this looks more like sellers resting than buyers showing up.
For me 2293 is the real test, that's where it broke down. A 4H close above that and 2329 opens up.
If it rolls over here and loses 2250, I think 2208 comes back fast and the bounce was just a breather.
