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My personal ETH take right now and I know not everyone will agree.
Price: $2,106
200 EMA: $2,859
Macro trendline support: ~$1,750
ETH is sitting in a demand zone it has respected multiple times since 2022.
The 200 EMA is far. The downtrend is real.
BUT
- ETH/BTC ratio is at multi-year lows
- Sell-side volume is drying up
- Macro trendline held perfectly in February
I've seen this setup before. It was late 2022.
The people who bought ETH then looked stupid for 3 months.
Then they looked like geniuses for 18.
Not financial advice. But I know where I'm looking.