
Daan Crypto Trades|Jun 22, 2025 08:39
ETH We did get that acceleration after sweeping all the local lows within this larger range.
ETH is now very much in this danger zone where it is trading below any previous support with basically no recent price action in this area.
This makes it susceptible for a quick move down so it's good the bulls have held it where they have for now. This could have already extended much deeper.
I marked the levels of interest on the chart. The first task for the bulls should be to retake and hold the 2300+ area. A bearish retest there could just be a big retest before this goes down and fills more of that inefficieny. So that's a key level to watch.
Obviously the local lows that were just created at ~2210 are now key as well.
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