Everyone is waiting for the pump but look at these sell walls.

$ETH ‌ is sitting at 2,246 right now and the chart is definitely at a crossroads. We’ve had a nice recovery from those local lows around 1,928 but the momentum is starting to look a bit tired as we approach that 2,300 resistance zone.
If you check the order book it’s heavily skewed to the ask side right now. Over 98% sell pressure showing up on the depth chart which means there’s a lot of supply sitting right above us.
I want to see us flip 2,300 into support before getting too excited. If we lose the 2,170 level we might just end up back in that consolidation chop we saw last month.
Volume is okay but we need more conviction to break through this ceiling. Staying patient for now. What’s your plan if we reject it here?

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