2,000 on $ETH is getting tested way too often now.
Today it wicked to 1,983 and got bought straight back, sitting around 2,010. Thing is, every bounce this month is weaker. Nov 4 popped to 2,450, the Nov 11 one barely made 2,103 before sellers showed up again.
For me 2,000 is the whole story right now. Daily closes keep holding it and the buyers still have a case, but I'd want a reclaim of 2,100 before calling it anything more than a pause.
A daily close under 1,980 and I think that round number finally gives, and then it's air for a while.
Today it wicked to 1,983 and got bought straight back, sitting around 2,010. Thing is, every bounce this month is weaker. Nov 4 popped to 2,450, the Nov 11 one barely made 2,103 before sellers showed up again.
For me 2,000 is the whole story right now. Daily closes keep holding it and the buyers still have a case, but I'd want a reclaim of 2,100 before calling it anything more than a pause.
A daily close under 1,980 and I think that round number finally gives, and then it's air for a while.
