What if this sudden $ETH dump is actually the last shakeout before a BIG recovery? 👀
I know the market looks scary right now, but I'm seeing something interesting on the ETH chart.
The price dropped sharply from around $2,240 to $2,224, right into an area where buyers are starting to react. What if this move was just a liquidity sweep to shake out weak hands before the next push higher?
And here's why I'm watching this closely.
Tomorrow is Monday, and I expect fresh volatility as the new trading week begins. $BTC is also sitting near an important support area, and if it starts recovering toward $77K, I believe ETH could follow.
I'm watching $2,224 as the key support and $2,240 as the first level buyers need to reclaim. If that happens, my next upside target is around $2,270.
Of course, if $2,224 fails to hold, the market could see another leg down.
But personally, I think this dump could be trapping sellers rather than starting a bigger crash. I'm bullish on $ETH for the next move.
Let's see what Monday brings.
I know the market looks scary right now, but I'm seeing something interesting on the ETH chart.
The price dropped sharply from around $2,240 to $2,224, right into an area where buyers are starting to react. What if this move was just a liquidity sweep to shake out weak hands before the next push higher?
And here's why I'm watching this closely.
Tomorrow is Monday, and I expect fresh volatility as the new trading week begins. $BTC is also sitting near an important support area, and if it starts recovering toward $77K, I believe ETH could follow.
I'm watching $2,224 as the key support and $2,240 as the first level buyers need to reclaim. If that happens, my next upside target is around $2,270.
Of course, if $2,224 fails to hold, the market could see another leg down.
But personally, I think this dump could be trapping sellers rather than starting a bigger crash. I'm bullish on $ETH for the next move.
Let's see what Monday brings.
