3 weeks ago
20
Key Takeaways
- ETH at $2,212, below the 50 SMA at $2,242.
- RSI at 37.12, signal line at 45.44.
- All major ETH holder cohorts at near-zero unrealized profit simultaneously.
- Last time all cohorts were at breakeven simultaneously: 2022 bear market.
- Key support: $2,175-$2,180.
What the Chart Shows
Ethereum dropped from a session high of $2,325 to a low of $2,212 on the largest bearish volume bar since April 8, breaking the 50 SMA at $2,242 for the first time since the ceasefire rally began. The SMA was rising support throughout the recovery. It is now overhead resistance sitting $30 above current price.
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