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Looks like $ETH is finally trying to wake up, but don’t get too excited just yet.
We’ve been stuck in this nasty downtrend for a minute, and while that green candle today looks decent, we’re bumping right into some local resistance around the $2,000 - $2,050 zone.
The volume isn't exactly screaming "breakout" either. If we can't clear this level and flip it to support, I'm expecting another slow bleed back toward that $1,750 floor.
I’m staying patient on this one. Better to wait for a solid close above the recent high than to catch a falling knife if this turns out to be just another lower high.
What are you guys seeing? Fakeout or the start of a reversal?
#GateSquare$50KRedPacketGiveaway