Ethereum sits on $2,000: the line bulls cannot afford to lose
$ETH trades near $2,029 (12:20 UTC) after a run of lower highs from $2,807. Price is testing its strongest support cluster: the 0.618 Fib ($2,007), Tuesday's $2,006 low and the $2,000 round number. Daily RSI is 28.5, oversold.
Bull case: a daily close above $2,160 (Fib 0.5) opens $2,230-2,255 (EMA 20).
Bear case: a daily close below $2,000 exposes $1,950, then $1,820.
US jobless claims land at 13:30 UTC, with spot BTC ETFs on five straight days of outflows.
Our view: oversold is not a reversal signal on its own. We want a close above $2,160 first.
Which level are you watching: the $2,000 floor or the $2,160 reclaim?
$ETH $BTC
$ETH trades near $2,029 (12:20 UTC) after a run of lower highs from $2,807. Price is testing its strongest support cluster: the 0.618 Fib ($2,007), Tuesday's $2,006 low and the $2,000 round number. Daily RSI is 28.5, oversold.
Bull case: a daily close above $2,160 (Fib 0.5) opens $2,230-2,255 (EMA 20).
Bear case: a daily close below $2,000 exposes $1,950, then $1,820.
US jobless claims land at 13:30 UTC, with spot BTC ETFs on five straight days of outflows.
Our view: oversold is not a reversal signal on its own. We want a close above $2,160 first.
Which level are you watching: the $2,000 floor or the $2,160 reclaim?
$ETH $BTC
