Wait, did $ETH ‌ just pull off the ultimate fake-out?

Looking at the 1h chart, that drop toward 2,008.62 had everyone sweating. It looked like we were headed straight into the 1,900s, but the bounce back to 2,124.49 has been nothing short of explosive.
The most interesting part is the order book. We’ve got nearly 70% buy pressure right now. Buyers are actually stepping up in a big way to defend this level. That vertical recovery swallowed up several hours of bleeding in just three candles.
Resistance is sitting right around the 2,150 mark. If we can clear that with sustained volume, we might actually see a trend reversal. But if the momentum dies here, we’re likely just looking at a big relief bounce before a retest of the 2,050 support.
I’m watching the next few hourly closes to see if we can hold above 2,100.

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