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Family members! I’ll be straightforward with you about this market!
From the rally at 4957, it’s been a steady drop, now stuck at 2180—neither up nor down, just grinding!
Above, the 2200 resistance is pressing down hard, while below, the 2100 support is holding the bottom. The bulls and bears are tugging at each other here!
The MACD momentum is a bit weak, but there’s no reversal—just a weak rebound without strength. Don’t be fooled by this small bounce!
Honestly, there are only two possible outcomes:
Either break through 2200 and start a rebound rally;
Or break below 2100 and head straight for the low of 1900!
These next few days are critical for the market’s direction. Don’t act rashly—wait for signals!#ETH