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$ETH
Ethereum bounced 2.53% today back to $2,034 and I want to feel good about it.
But honestly this chart still makes me uncomfortable.
- We had a brief break below $2,000 and came right back, which is a small positive.
- The $2,250 to $2,400 resistance zone is still the wall that needs to break before anything changes in my view.
- The EMA 200 at $2,743 is not even in the conversation right now.
- The macro trendline at $1,800 is the last real floor, and it is getting closer every week.
ETH needs to prove it can hold above $2,000 consistently before I get interested.
One green candle does not change the trend.