Is $ETH ‌ trying to tell us something before the next big flush?


The 1h chart on Ethereum is looking pretty choppy right now. We just had a rejection at that $2,039 local high, and now we’re hovering around $1,969. It feels like the bulls are losing steam every time they try to push back above the $2,000 psychological level.
Right now, we’re sitting on a bit of a mid range support. If $1,940 doesn’t hold, the next stop looks like it could be a lot lower. The volume on these red candles is slightly picking up, which usually isn't a great sign for a quick recovery.
I’m watching the $1,980 level closely. If we can’t flip that back into support soon, I think we might see a slow bleed toward the $1,900 zone.
Staying cautious on this one until the direction becomes a bit more obvious. No need to force a trade in this mess.

#GateSquare$50KRedPacketGiveaway
ETH-2,73%
post-image
post-image
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)