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Something feels off with $ETH right now and it’s not what you think.
We’ve been chopping around this 2,347 level for a while now. Every time we try to push past 2,400 the sellers just step right back in. It’s creating a bit of a messy range between 2,260 and 2,460 on the daily.
Volume is looking pretty flat which usually means a big move is cooking. If we can’t hold this 2,300 support area soon, I wouldn’t be surprised to see a quick wick down to 2,150 to shake out the late longs.
I’m staying patient on this one. Flipping 2,400 into support is the only thing that gets me bullish for a run back toward 2,500. Until then, it’s just noise and sideways action.
Are you guys accumulating here or waiting for a clearer breakout?
#USMilitaryMaduroBettingScandal