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Is $ETH finally exhausted or is this just a massive bear trap?
The chart is looking heavy after that rejection at 2,464. We’ve been seeing lower highs lately, and right now ETH is just hovering around 2,309. It feels like the market is indecisive, but the sellers are definitely leaning harder on the price.
Support is holding at 2,259 for now, but if that floor gives way, we might be looking at a fast slide back toward the 2,144 zone. The volume isn't exactly screaming "buy the dip" yet either.
We need to see a solid daily close above 2,375 to flip the momentum back to the bulls. Until then, it’s a lot of sideways chop that’s designed to wreck impatient traders.
Are you guys looking too long this support or are you expecting one more flush down?
#DeFiLossesTop600MInApril