$ETH is at $1,935, down 5.5% today, and it just lost the $2,000 level. The day's low is $1,896, and that's the line that has to hold now.
Here's the twist though. RSI is at 24, deep in oversold territory, and ETH is already down about 13% in a week. But the big money is still walking out — US spot ETH ETFs saw $144.8M leave, led by BlackRock's ETHA, and nearly $250M in ETH positions got liquidated in 24 hours.
$BTC is under $70,000 too, down almost 7%, so ETH has no help from Bitcoin here. If $1,896 breaks, the next stop analysts are watching is around $1,850, then $1,833. If it holds, the first reclaim is $2,053, the day's high.
Do you think $1,896 holds, or does ETH test $1,850 next?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
Here's the twist though. RSI is at 24, deep in oversold territory, and ETH is already down about 13% in a week. But the big money is still walking out — US spot ETH ETFs saw $144.8M leave, led by BlackRock's ETHA, and nearly $250M in ETH positions got liquidated in 24 hours.
$BTC is under $70,000 too, down almost 7%, so ETH has no help from Bitcoin here. If $1,896 breaks, the next stop analysts are watching is around $1,850, then $1,833. If it holds, the first reclaim is $2,053, the day's high.
Do you think $1,896 holds, or does ETH test $1,850 next?
No buy/sell call, just the market. Not financial advice.
#Bitcoin #Ethereum #Crypto
