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$ETH still looks weak on the surface… but that’s exactly why the chart is getting interesting 👀
RSI is depressed, MACD looks bad, and price is still below MA20 & MA50. ETF outflow news also keeps sentiment heavy.
But despite all the negativity, ETH still hasn’t fully broken down.
The $2,100–$2,150 zone is acting as a major defense area right now. Buyers continue protecting it while most traders slowly lose patience.
ETH/BTC still looks weak, but historically ETH often stays quiet before making aggressive moves suddenly.
This phase feels less like a clear bullish or bearish trend… and more like the market is building pressure underneath.
Not fully bullish.
Not fully bearish.
But the chart definitely feels like it’s preparing for a bigger move 🔥
$BTC #GateSquareMayTradingShare