$ETH has spent nearly 4 years trying to find balance in the $2100–$2250 region (red box).


Every interaction with this level has led to aggressive reactions, either to the upside or downside, which clearly defines it as a high importance zone.
• Right now, price is trading below this range and consolidating under it after losing it as support in Feb, now treating it as resistance.
As long as the price remains below this zone while being in a macro downtrend, the PA remains weak.
No strength → no bottom.
Don’t look for reversals until the market starts showing acceptance back above key levels.
#ETH #ETHUSDT
ETH1,69%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin