1000SATS

$ETH Bleeding Out The 3840 Test Token: ETH USDT Statement: Ethereum is under heavy selling pressure testing critical short term support despite strong long term performance The market is nervous 📉 The Dive and The Defense Current Price 387599 USDT Today's Drop 355% Down The Low Hit 383950 (Immediate Support) 🚨 The Reason The Tension The market is showing a short term downward trend indicated by the bearish candles and the negative daily performance The key reason for the tension lies in the Order Book A massive 9291% Buy side against only 709% Sell side suggests one of two things A strong floor of demand waiting to be filled at lower prices OR A liquidity trap where the small sell side volume is still enough to push the price down indicating weak buying conviction at the current level 🔑 Key Levels The Line in the Sand Critical Support 383950 The 24h Low If this breaks the sell off will accelerate Immediate Resistance 403666 The 24h High Buyers need to reclaim this territory to neutralize the trend 🧭 Trend and The Long Game Short Term Trend Bearish The recent hourly chart is a clear bleed Long Term Trend Strongly Bullish The 180 Day gain of 10960% reminds us this is a deep long term value asset The current drop is likely a short term correction within a bigger cycle Would you like a simplified explanation of what the 9291% Buy side in the order book really means for ETH's price action? #MarketPullback #FranceBTCReserveBill #AltcoinETFsLaunch #WriteToEarnUpgrade #CFTCCryptoSprint