The Long Investor
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$ETH
🕑 Added 2025-03-10 09:50:05 +0000 UTCAgain very little for me to update here, price is still at the $2100 level now
I saw comments starting to come in the moment $2000 was breached for an update but we should know by now that this makes very little difference, crypto charts move as stocks, they are no different, in fact they respect support levels and fibonacci levels more considering they are pure technical plays.
Price can battle around a support or resistance level until a direction is found
Right now the trend support line runs close to the 0.618 Fib at $2100 so this was tested at the weekend.
But overall no changes.
If $2000-$2100 does not hold then as it would be on a Mega Cap stock, we look at the next support level to hold, which is the 0.78 Fib at $1569.
A reminder that the price is still below the 200 WMA, where $ETH has a habit of not spending a lot of time below this MA.
Comments
Bram Alleman
do you expect it to go that low?
Vojtěch Šimeček
Such a no brainer at 0.786
