$ETH held up the $3,000 level and is now moving higher.
Some big whales have opened Ethereum long positions, which have been a major driver of price.
If ETH is able to break above the $3,300-$3,400 level, it'll trigger a rally towards the $3,700-$3,800 level.
A failure to break above this zone could result in another retest of the $3,000 zone.
Today's dump makes absolutely no sense.
Bitcoin dumped -$5,000 in 3 hours
$210,000,000,0000 wiped out of crypto market in a single day
Nearly $700 million liquidated
And the craziest part?
There wasn’t a single negative news today.
No FUD.
No Trump tweet.
No stock market crash.
No tariffs or bad earnings.
There is no logical explanation for this.
This feels like a pure manipulation dump to wipe out the leverage again.
🇺🇸 US stock market has recovered from its entire dump in just a week.
This is what BTC used to do before the October 10th crash.
They really fcked the crypto market.