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Alex E
Alex E
Macro is shifting, and crypto feels it before the headlines hit. $ETH is now the canary in the coal mine. It cracked key support at 2,056–2,068, turned it into resistance, and is now fighting for survival at 2,008. If the 4-hour candle closes below that level, the next floor is 1,950, then 1,880. The market is ignoring good news. AAVE, MetaMask, and Mastercard announced a partnership, but the price still dumped. That’s the clearest signal: when positive catalysts can’t lift price, the bid has evaporated. Traders should watch the asymmetry here. Even $TRUMP, a meme coin, is bleeding less than ETH (-1.83% vs -2.11%). That tells you risk appetite is gone. Capital is rotating out, not rotating around. The 70% scenario favors downside continuation: no bullish divergence, heavy sell volume, and a broken base structure. Any bounce to 2,060–2,068 is likely a bull trap, not a reversal. The dollar and rates narrative is back in control. If #FedHikesBackOnTheTable gains traction, risk-on assets like ETH will stay under pressure. Watch the 2,008 level as the final line before a deeper leg down. Personal analysis only. NFA. DYOR. #FedHikesBackOnTheTable $ETH

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