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.
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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.
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