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Is $ETH finally ready to stop playing around or is this just another fakeout before the real drop?
The price action on the 1D chart shows we are stuck in a massive consolidation phase. We are sitting at 2,070 right now, trying to hold above that psychological 2,000 level. You can see the support holding firm around 1,968, but the resistance at 2,254 is acting like a heavy ceiling every time we try to pump.
The volume is still looking a bit dry for a major breakout. If we can’t clear that 2,254 zone with some real strength, we’re likely going to visit the 1,747 area to flush out the late longs. It’s a boring range for now, but these are the moments that set up the big moves.
I’m watching for a daily candle to close outside this box before making a serious move. Right now, it’s just chop.
#SOLETFNetInflow$1.6631M