ETH already had its capitulation move into the 1800 zone. That was the emotional flush. Now price is stabilizing and moving sideways. Selling pressure is slowing down. This phase feels boring, but this is exactly how bases form. ETH holding this level is important. It shows the market is no longer in panic mode.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETH/USD — Panic already happened
ETH already had its capitulation move into the 1800 zone. That was the emotional flush.
Now price is stabilizing and moving sideways. Selling pressure is slowing down.
This phase feels boring, but this is exactly how bases form.
ETH holding this level is important. It shows the market is no longer in panic mode.