$ETH just lost $2,000. Now what?
$ETH ~$1,940 (-5% in 24h), down ~31% from the late-Sept high near $2,800.
📊 The data
• ~90% of $287M liquidations were longs
• US spot ETH ETFs: $524M out in 5 straight sessions
• RSI under 30: oversold, but oversold ≠ bottom
• Channel broken after holding since mid-September
🎯 Levels
• $2,115: old channel floor, now resistance
• $2,000: the line to reclaim
• $1,893: 24h low, must hold
• $1,800–1,830: July–Aug buyer zone
• Daily close below $1,800 → $1,500 comes into play
Bounces are normal in oversold markets. Bounces that hold above $2,115 are what change the trend.
Levels in the chart 👇
Where's your line: $1,800 or $2,000?
Not financial advice. DYOR.
$ETH H #Ethereum
$ETH ~$1,940 (-5% in 24h), down ~31% from the late-Sept high near $2,800.
📊 The data
• ~90% of $287M liquidations were longs
• US spot ETH ETFs: $524M out in 5 straight sessions
• RSI under 30: oversold, but oversold ≠ bottom
• Channel broken after holding since mid-September
🎯 Levels
• $2,115: old channel floor, now resistance
• $2,000: the line to reclaim
• $1,893: 24h low, must hold
• $1,800–1,830: July–Aug buyer zone
• Daily close below $1,800 → $1,500 comes into play
Bounces are normal in oversold markets. Bounces that hold above $2,115 are what change the trend.
Levels in the chart 👇
Where's your line: $1,800 or $2,000?
Not financial advice. DYOR.
$ETH H #Ethereum
