$ETH ETH A certain exchange analyst claims 2,386 must be broken, but Vitalik just liked the 2,500 breakthrough theory, who do you believe?
ETH is stuck in the death zone of 2,386–2,505, bulls are relying on institutions to support 2,400, while bears are pressuring from above 2,500 with 63 million in liquidation fuel. Betting on direction at the current price is equivalent to suicide.
I predict that if it breaks 2,386, it will flash crash to 2,274 triggering 41.2 million in long liquidations. If it breaks 2,505, it will surge to 2,700. I recommend staying out and waiting for direction. If you must trade, go in with a 5% position, set a stop loss at 2,410 if it breaks down, or chase longs with a stop loss at 2,480 if it breaks through. Tonight's Fed meeting is a nuclear-level risk!
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