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Tom_Tucker

$ETH sudden drop looks less like an ETH-specific problem and more like a leverage flush.


Price rejected $1,970–$1,980, lost $1,950, then long liquidations accelerated the fall.
Reclaim $1,950 = sweep.
Lose $1,920 = $1,900/$1,880 next.
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GateUser-67ada6e6
· 2h ago
good
Reply0
ClassicalValue
· 4h ago
1900 will definitely need to break; 1880 is the next support. Once it gets there, you can try entering with a small position.
View OriginalReply0
SnapshotVoter
· 4h ago
The move has already broken down on the hourly timeframe. RSI is oversold but hasn’t diverged yet—wait for a second retest.
View OriginalReply0
TxQueen
· 4h ago
A drop is the time to test your faith, but don’t believe so much that you get liquidated.
View OriginalReply0
PhishEmailCollector
· 5h ago
Actually, this sell-off had signs long ago. The ETH/BTC rate has been falling continuously, which indicates capital is moving out. Now that the leverage has been cleared, if it can see volume pick up and stabilize in the 1,880-1,900 range, then it would be a decent buying opportunity. But as always: keep position size light and buy in batches—don’t go all in.
View OriginalReply0
IndexFunder
· 5h ago
With 1950 not even held, are you expecting it to be pulled back directly to 2000? Dream on.
View OriginalReply0
PepeAnalyst
· 5h ago
Wait for 1900 and then connect.
View OriginalReply0
WhaleWatcher
· 5h ago
Experiencing a 312-style move like that means this volatility is just a little splash—don’t panic.
View OriginalReply0

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