$ETH

I am watching closely $ETH . Someone just lost $1,644 on a long position at $1,604.53.

They bet wrong, the market moved quickly, and now it's painful.

This shows how risky it is to enter without a plan.

I think ETH can still bounce back, but only if it stays above $1,600.

Support: $1,600

Resistance: $1,630

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Just broke the support level and is now retesting it. Looking at the current market conditions, there is an 80% chance that the market will drop further after the re-test. This means that if the market cannot hold this re-test, then a further decline may be seen in the coming days. In fact, this is the time when investors and traders should make decisions after careful consideration, as market volatility may increase.