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ETH/USD
Yesterday ETH was getting rejected at $2,400 and we said it needed to prove itself.
Today it is still struggling at $2,154 and has not broken anything meaningful to the upside.
- $2,250 resistance zone is right overhead and ETH keeps getting sold into it.
- The macro trendline at $1,800 is still holding as the last major support below.
- The EMA 200 at $2,814 is not even in the conversation right now.
ETH needs a clean close above $2,250 with volume before I change my view on this.
Until then the chart is still bearish.