Don't be influenced by market sentiment. When I said at 1900 there was a probability of filling back to 2400, many people thought Ethereum would drop below 1000.
It's the same situation now. As it approaches 2400, quite a few people are starting to look at 2600, 2800.
It's been more than a month, and this range remains effective: 2400 ----- 2100 1900 ----- 1500
In other words, going above 2400 is extremely difficult and definitely belongs to overbought territory.
Breaking below 1500 definitely belongs to oversold territory.
Don't be influenced by market sentiment. When I said at 1900 there was a probability of filling back to 2400, many people thought Ethereum would drop below 1000.
It's the same situation now. As it approaches 2400, quite a few people are starting to look at 2600, 2800.
It's been more than a month, and this range remains effective:
2400
-----
2100
1900
-----
1500
In other words, going above 2400 is extremely difficult and definitely belongs to overbought territory.
Breaking below 1500 definitely belongs to oversold territory.