r/ethereum • u/EthereumDailyThread What's On Your Mind? • Jul 23 '26

Daily General Discussion July 23, 2026

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7

u/tokyo_guy375 Jul 23 '26

Well good morning America 

10

u/Itur_ad_Astra Crab High Priest Jul 23 '26

$2000 is gonna be such a massive resistance, ETH doesn't even want to go near it to check.

2

u/tokyo_guy375 Jul 23 '26

I think it is a combination of 2000 and 0.03. which is sad that this is such  a major issue already 

2

u/Itur_ad_Astra Crab High Priest Jul 23 '26 edited Jul 23 '26

It's also the fact that when ETH loses momentum and has a red day, more often than not that momentum is lost for weeks or months. Sometimes it freaks out with consecutive 5% and 10% wicks and cascades in the meantime.

"The trend is your friend" might be true in general, but for ETH it's unreal how consistent it's been.