Morning's warning came true — then the market changed its mind.
In today's article I said ETH's $1,717 line was 1.7% away. Hours later it broke: $1,711, the lowest since 9 July. $466M of ETH longs got wiped in the same flush, part of $1.9B across the market, 93% of it longs.
But ETH bounced straight back to $1,828, above $1,800 again. The break happened intraday — the daily close hasn't confirmed it yet.
I'm leaning cautious, not panicked: a break that bounces back the same day is a warning, not a verdict. Close under $1,717 and the breakdown is real, $1,566 next. Close above $1,800 and the panic call dies.
BTC is doing the same dance after its $62,006 low. Fear sits at 10 — the whole market is holding its breath with us.
Does $ETH close above $1,800 today, or does $1,717 break for real? Drop your number.
Not financial advice. DYOR.
#ETH #CryptoCrash #FearAndGreed
In today's article I said ETH's $1,717 line was 1.7% away. Hours later it broke: $1,711, the lowest since 9 July. $466M of ETH longs got wiped in the same flush, part of $1.9B across the market, 93% of it longs.
But ETH bounced straight back to $1,828, above $1,800 again. The break happened intraday — the daily close hasn't confirmed it yet.
I'm leaning cautious, not panicked: a break that bounces back the same day is a warning, not a verdict. Close under $1,717 and the breakdown is real, $1,566 next. Close above $1,800 and the panic call dies.
BTC is doing the same dance after its $62,006 low. Fear sits at 10 — the whole market is holding its breath with us.
Does $ETH close above $1,800 today, or does $1,717 break for real? Drop your number.
Not financial advice. DYOR.
#ETH #CryptoCrash #FearAndGreed
