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$ETH is playing a dangerous game right now and most people are looking the wrong way.
That massive push from $1,846 up to $2,148 was clinical, but look at the candle we just printed. We just hit a major supply zone and got a nasty rejection wick at the top.
The order book is showing 70% sell pressure right now. That is a massive red flag for anyone trying to long this specific moment. We are currently sitting at $2,097, and if we don't hold the $2,050 area, we could easily slide back down to test the $1,980 support.
Volume was huge on the way up, but it's starting to dry up on this local top. I'm not touching this until I see if it’s a healthy pullback or a complete reversal.
Keep your stops tight because the liquidations could get messy if this drops.
#ETHLongShortBattle