ETH Bounce After the Binance Hack: Why I Went Long at $2,284

Ethereum trades around $2,300 on Monday, November 2. It is coming off a 13% red October and the largest hack in crypto history. I entered an ETH long at $2,284 this morning, with my stop at $2,230. This post covers the macro week ahead, the price action behind the dip and the chart levels I am watching for the bounce. Where ETH Stands Right Now ETH printed a low near $2,170 on Friday, right as the Binance news hit the market. Since then it has clawed back to the $2,280 to $2,310 range. Sunday closed green and Monday opened green.