#ETH Update: Exactly as Warned
As we called out in the last update, ETH is looking much weaker than BTC. The local support completely collapsed, slicing straight through $2,017.
The Simple Reality
The Last Line of Defense: Price has dropped right into our Daily Support Block ($1,995 – $1,985). This is the absolute floor for the bulls right now.
The Risk: If we close a daily candle below $1,985, this floor breaks completely. Expect a fast flush with deep wicks dipping below $1,916 into the next major buying pool.
The Game Plan: Do not force leverage trades or try to catch a falling knife while ETH lacks strength. Let this support zone prove it can hold first. If it fails, we patiently wait to buy the real bargain area below $1,916.
Stay smart and protect your capital
@cryptosignals
Post #7232
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Crypto Signals #ETH Parallel to BTC, ETH has swept its Sell-Side Liquidity (SSL) below $2,017 and engineered an H4 FVG. However, relative strength remains heavily skewed toward BTC. So If ETH fails to hold this H4 FVG as immediate support, expect a deeper wick into the…
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