ETH 2.4K level will be pretty key. I think it makes sense to test that local support level. I don't have any interest in longs until some of these billions in Open Interest have been wiped out. Will reassess depending on how price reacts around that region. A sweep and back up likely leads to a local range being formed between 2.4K-2.7K. If price loses that area then the 2.1K big horizontal makes a lot of sense. You wouldn't want to see price slowly bleed down into that area as that is a recipe for disaster. A quick flush into that zone would be perfect for dip buys but it might be short lived if we get it at all. Keep in mind, the drop might look pretty big but it would still be up 20% from the week prior so relatively speaking it's not all that strange. Larger range still 2.1K-2.8K which we're now stuck in for a while I think.