Post
Salman-mirza
$ETH failed to break $2,670 — here are 3 key reasons:
1️⃣ $2,670 is a heavy resistance zone
Previous trapped buyers and short-term longs were likely waiting to exit or take profit around this level, creating strong selling pressure.
2️⃣ The breakout lacked volume
The spike wasn’t supported by strong spot volume. It looked more like short liquidations and leveraged buying than sustained spot demand. Once that buying faded, ETH quickly pulled back — a classic wick/false breakout.#DailyOrbit
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