$ETH USDT (Ethereum perp) on Binance, 15m chart:**
- **Price:** $1,935.34, down 5.49% in 24h (24h range: 1,893.39 to 2,052.57). Volume is about $11.14B, so liquidity is deep.
- **Recent action:** It held a range near 2,000 to 2,026, then broke down in a steep drop to a low of 1,893.39. It has since bounced with a few green candles and is now around 1,935.
- **Longer trend:** Today -3.99%, 7D -14.03%, 30D -22.85%, 90D +3.22%, 180D -11.25%, 1Y -43.46%. Weak across nearly every timeframe, and weaker than BTC on the weekly and yearly views.
- **Levels to watch:** Support is around 1,916, then 1,893 to 1,887. Resistance is around 1,945, then 1,975 and 2,004.
**Takeaway:** The structure is bearish. The sell-off was sharp, and the bounce looks like a relief move rather than a reversal. Reclaiming ~1,975 to 2,004 would be the first real sign of strength, while a break below ~1,893 could extend the drop. After a fast flush, volatility and liquidation wicks are likely. Perps carry leverage and funding risk, and this isn't financial advice.
#WhatWillDriveCryptoandStocks’NextRebound?
#HuangExitNvidiaStrategyInFocus
#TradFiForBeginners #ChipStocksExtendLossesAfterNvidiaCEOChange
- **Price:** $1,935.34, down 5.49% in 24h (24h range: 1,893.39 to 2,052.57). Volume is about $11.14B, so liquidity is deep.
- **Recent action:** It held a range near 2,000 to 2,026, then broke down in a steep drop to a low of 1,893.39. It has since bounced with a few green candles and is now around 1,935.
- **Longer trend:** Today -3.99%, 7D -14.03%, 30D -22.85%, 90D +3.22%, 180D -11.25%, 1Y -43.46%. Weak across nearly every timeframe, and weaker than BTC on the weekly and yearly views.
- **Levels to watch:** Support is around 1,916, then 1,893 to 1,887. Resistance is around 1,945, then 1,975 and 2,004.
**Takeaway:** The structure is bearish. The sell-off was sharp, and the bounce looks like a relief move rather than a reversal. Reclaiming ~1,975 to 2,004 would be the first real sign of strength, while a break below ~1,893 could extend the drop. After a fast flush, volatility and liquidation wicks are likely. Perps carry leverage and funding risk, and this isn't financial advice.
#WhatWillDriveCryptoandStocks’NextRebound?
#HuangExitNvidiaStrategyInFocus
#TradFiForBeginners #ChipStocksExtendLossesAfterNvidiaCEOChange
