Got a bunch of AVWAP’s in $ETH plotted in purple that I dropped from recent points where selloffs began. But the most important one for now is the one in blue, which is from the March ‘24 level. $ETH hasn’t exceed that price since. It’s up against that AVWAP now, and I expect that if it can break through, we probably get a further move into that $3K range before running into sellers.
