It is repeating a pattern. The patten itself. For ETH-USD, the underlying pattern is price movement between c. 3200 max to c. 1775 min. On the way down and up the price follows its own pattern from 2500, to 2400, to 2300. It this last go round they are very sitckty and resist 2500 going to 2499. Very sticky in the plus minus 100 range. c. 2399 at the moment. Rapid drop from 2400 to 2350.
I didn’t include dates. From 10/10/2024 to 10/25/2024 the price moved slowly above 2600 and then plummeted below 2400. I was a sudden drop with resistant showing up at 2400, where ETH-USA prices is at currently. Based on a basic historical review of prices, the price level should below 2300.
Resistance at the 2500 to 2600 level appears to have been base been based on positive inflation and jobs data. Prices show now continue to drop to the 1800 level where the price should stabalize and start is steady upward pressure until it reaches the 3000 level.
10.28.2024 9:27 PST: hovering around 2500.