Something is brewing with $ETH ‌ right now.


That recovery from the 1,800 level was way more aggressive than I expected. We’ve just sliced through the previous local highs like they weren't even there.
Look at those consecutive green candles on the daily. We’re sitting at 2,332 and the momentum is clearly shifted to the bulls. Usually, after a vertical move like this, you’d expect a bit of a cool-off, but the order book is looking heavily stacked on the sell side, which sometimes just acts as fuel for a squeeze.
If we hold this 2,280 area as new support, the next major resistance isn't until we get closer to 2,430. I'm watching for a small retest to see if buyers are still stepping in or if this was just a liquidity grab.

#EthereumFoundationSells5000ETHToBitMine
ETH-0.61%
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