ETH — $2,004


Honestly ETH is the one keeping me up at night.
$2,000 is holding, but just barely. We're 27% below the 200 EMA, which is a gap that doesn't close quickly. Every bounce since February has been sold into. The $2,200–$2,450 zone is packed with people looking to exit.
I'm not touching ETH long until I see a convincing close above $2,200 with volume behind it. Until then, every bounce looks like a trap to me.
If $2,000 breaks, I think $1,850 is next and that's the trendline. Lose that and it gets ugly fast.
ETH-0,16%
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