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It looks like $ETH is finally at a breaking point and most people aren't even watching.
We’ve been bleeding out slowly since that 2,464 rejection and right now we’re hovering at 2,264. If you look at the daily candles, we just printed a lower high and the price is struggling to stay above the 2,220 support level. The volume is pretty thin too, which makes this current spot feel like a trap for anyone trying too long too early.
The 2,144 area is the next major psychological floor I'm looking at if this sell pressure continues. However, if we can manage to squeeze back above 2,300 on some decent volume, we might see a relief rally to test 2,375 again.
I’m staying patient here. Catching a falling knife at this level is risky until we see some actual exhaustion from the sellers.
Are you guys bidding this dip or waiting for sub 2k levels? Let me know your thoughts below.
#TopCopyTradingScout