$ETH

Ethereum just broke below $2,000 — a level I have been watching closely for weeks.

ETH

1,994.22

-0.80%

Price is sitting at $2,028 right now, and the psychological importance of losing $2K cannot be overstated.

Every time #ETH has tested this level it has bounced. This time it closed below it.

Volume has dried up significantly, which tells me there is not much conviction from buyers at this level right now.

The $1,750 macro trendline is the last real floor on this chart, and it is getting closer every day.

The EMA 200 at $2,758 feels like a completely different market from where we are trading.

I need to see ETH reclaim $2,100 and hold it before I change my view here.

Until then this chart remains one of the most painful in my watchlist