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Everyone is looking at the 2k level like it's a solid floor but is it really holding?
$ETH is fighting hard to stay above 2024 right now. We had that big drop from the 3k area and since then it has just been a boring sideways movement. Most traders are losing patience here.
Support is clearly around 1900 because every time we dip there the buyers show up. But the problem is the resistance near 2250. We keep hitting it and getting rejected. Until we flip that into support I don’t see any real trend starting.
I’m just watching the volume for now. It’s a bit dry which usually means a big move is cooking. Stay sharp.
#GateFebruaryTransparencyReport