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$ETH is looking like it’s about to make a decision that’s going to hurt a lot of people if they’re on the wrong side.
We’ve been stuck in this annoying chop between 2260 and 2375 for a while now. Every time it looks like it’s going to break out and head back toward that 2464 high, it just loses steam and drifts back into the middle.
Support at 2250 is the only thing keeping the dream alive right now. If we lose that level, things could get ugly pretty fast and we might see a quick trip back down to the 2140 area. On the flip side, we need a solid close above 2380 to actually gain some real momentum.
Volume is looking pretty flat which usually means a big move is cooking. I’m just sitting on my hands for now because trading in the middle of a range like this is a great way to get chopped up.
Waiting for a clear break before I put any more skin in the game. Are you guys long here or waiting for a dip to the 2100s?
#DailyPolymarketHotspot