ETH technical setup: watching that key support level closely. If we don't punch through it decisively soon, range lows could get tested again in the near term.
Honestly though, this whole consolidation zone calls for patience right now. Not much point forcing trades in choppy water.
Longer picture? Still leaning bullish on this one. Think we eventually break out to the upside once the setup matures.
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.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
ForkYouPayMe
· 7h ago
Wait, is this support level he mentioned really reliable... My feeling from the chart is that the probability of it going down is higher.
View OriginalReply0
MemecoinTrader
· 7h ago
ngl the real alpha here is watching where retail panic-sells the support 👀 that's your signal to load up before the inevitable narrative flip
Reply0
ColdWalletGuardian
· 7h ago
Support level not broken, need to retest again? This wave is a bit annoying, it's just uncomfortable to watch.
View OriginalReply0
DiamondHands
· 7h ago
Having to stay up and watch support again, really annoying. But this wave of consolidation really requires patience; don't get cut off.
View OriginalReply0
CantAffordPancake
· 8h ago
Wait, support is such a key level and it hasn't broken yet? Feels like we're going to test it again, which is a bit annoying.
ETH technical setup: watching that key support level closely. If we don't punch through it decisively soon, range lows could get tested again in the near term.
Honestly though, this whole consolidation zone calls for patience right now. Not much point forcing trades in choppy water.
Longer picture? Still leaning bullish on this one. Think we eventually break out to the upside once the setup matures.