The life and death moment for ETH! $2665 becomes a meat grinder; breaking below here leads to a direct halving!
ETH is currently stuck at a critical position! It has been pushed down twice after reaching $2665, with bears already placing numerous sell orders at this price level, setting up a blockade at the intersection. Large funds see so many sell orders and dare not charge in, causing retail investors to flee, and the price is directly driven down.
Now, three price levels must be closely monitored: $2665 is the bears' stronghold, with the most sell orders; breaking through here will allow for some breathing room; $2630 is the graveyard of the recent rebound, if it cannot hold here, don’t expect any rise; $2712 is the true life and death line, but if it can’t even touch $2630, what’s there to talk about in terms of reversal?
The two support levels below are critical: $2624 is the current bottom line; breaking below this will trigger a chain reaction; $2588 can hold for a bit, but if it really falls to $2465, the losses would exceed 7% on the books.
If you keep chasing highs and lows and often get trapped, without the latest news from the crypto world or direction, click on my profile to follow me. Whether in a slow bull phase or sector rotation, I will never let you miss out.
