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Something feels off about this $ETH
setup right now.
The price is sitting right at 2,244 and it looks like it's struggling to find a clear direction. We had a decent run up from the 1,900s lately, but the momentum is starting to feel a bit heavy.
The order book is the real story here. It’s showing 96% asks, which is a massive wall of sell orders sitting right on top of us. Without some serious volume coming in to eat that up, it’s going to be hard to push back toward that 2,380 local top.
Support seems to be holding around 2,170 for now. If we lose that level, we might be looking at a deeper correction to fill some of those lower gaps.
I’m personally staying on the sidelines for a bit. It’s better to miss a small move than to get caught in a fakeout when the sell pressure is this lopsided.
Eyes on the volume today. Let's see if the bulls have anything left in the tank.
#GateSquareAprilPostingChallenge