1 day ago
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Key Takeaways
- ETH at $2,114.05 on the 1H chart, SMA50 at $2,132.11, gap of $18.06.
- SMA50 declining toward price: dynamic resistance converging, not static.
- Exchange Supply Ratio on Binance near 0.0320, highest since early February.
- RSI at 44.94, signal at 47.18: momentum marginally negative, no directional conviction.
Why this resistance level is moving toward price
The SMA50 is not standing still as resistance; it is declining toward price, which means the breakout threshold is falling and ETH does not need to rally to meet it, only to hold long enough for the MA to arrive.
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