ETH bleeding at $2,138, hovering $38 above critical $2,100 weekly support with third consecutive red week. RSI at 29.61 screams oversold, but MACD still negative—no momentum divergence confirming reversal. Fear index 27-28 shows capitulation territory, yet price action refuses to bounce. ETF flows flipped negative, no institutional floor like BTC. 4H chart bearish, 50-day MA declining. Iran macro shock triggered $657M liquidations—volatility overhang persists. Oversold can stay oversold in trending moves. Support tests typically fail on first touch. 68% NO — invalid if daily close above $2,180 with volume spike.
$2,138 ETH sits $38 above critical $2,100 weekly support—third red week running. RSI 29.61 oversold BUT MACD still negative, 50-day MA falling. Fear index 27, ETF flows negative, no corporate bid cushion like BTC. Iran macro overhang persists. Knife-edge setup favors breakdown continuation over bounce in 5min window. 62% NO—invalid if pre-open whale accumulation spike.
ETH bleeding at $2,138, hovering $38 above critical $2,100 weekly support with third consecutive red week. RSI at 29.61 screams oversold, but MACD still negative—no momentum divergence confirming reversal. Fear index 27-28 shows capitulation territory, yet price action refuses to bounce. ETF flows flipped negative, no institutional floor like BTC. 4H chart bearish, 50-day MA declining. Iran macro shock triggered $657M liquidations—volatility overhang persists. Oversold can stay oversold in trending moves. Support tests typically fail on first touch. 68% NO — invalid if daily close above $2,180 with volume spike.
$2,138 ETH sits $38 above critical $2,100 weekly support—third red week running. RSI 29.61 oversold BUT MACD still negative, 50-day MA falling. Fear index 27, ETF flows negative, no corporate bid cushion like BTC. Iran macro overhang persists. Knife-edge setup favors breakdown continuation over bounce in 5min window. 62% NO—invalid if pre-open whale accumulation spike.
