ETH is currently around 1,916 u. Today it’s up 1.3%. After yesterday’s failed attempt to spike higher, it didn’t keep sliding all the way down. Today it has once again reclaimed the level above 1,900.

On a weekly basis it’s basically flat—down just 0.7%. The one-month gain is still expanding, now up to 22%. The strength on the monthly chart still hasn’t been genuinely broken. The 24-hour high is 1,925 and the low is 1,861. Today saw a drop first and then a rise, and it has partially made back yesterday’s losses.

In the earlier move, it touched 1,974 and then got slammed back down. This time, being able to quickly regain above 1,900 suggests the market still has ideas about the 2,000 level, and it hasn’t given up because one push failed.

At this point, if it can hold the psychological 1,900 integer support, it will most likely test the 2,000 line again. After several consecutive attempts, the probability of a breakout will also accumulate. If it falls back below 1,900 again, it means this round of attempts is temporarily not quite ready. If you have positions, you can continue to hold. Since the monthly trend hasn’t broken, entering at this level after a chase isn’t too late. #eth $ETH