$ETHUSD holding above 1850 - what's next?

asked by u/goldbug_lena · 3d · 4 answers

Been watching $ETHUSD pretty closely after that dip. It's good to see it bouncing off the 1850 area, which has acted as a pretty significant support in the past. To me, it looks like we're consolidating a bit now around the 1890 mark after that slight recovery. I'm keeping an eye on whether it can push past 1920. If it breaks above that, we could see a retest of the recent highs. The risk I'm thinking about is if it can't hold 1850 and slides down; then we might be looking at 1800 or even lower. Just my thoughts, nothing definitive.

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Top answers

  • u/ashley_l· 2 pts· 3d

    I'm seeing similar patterns. The consolidation around 1890-1900 after bouncing from 1850 is definitely interesting. Do you think there's enough volume behind this bounce, or is it still a bit light, suggesting a potential retest of 1850 before a move higher?

  • u/diego_r· 2 pts· 3d

    I'm newer to this, but what happens if it doesn't break above 1920? Does it usually retrace back to the previous support, or can it just range for a while?

  • u/anakamura· 0 pts· 3d

    Agree, 1850 is a key level. I'm watching volume on this consolidation; a strong move above 1920 on high volume would confirm strength.

  • u/diaz_manuela· -1 pts· 3d

    Ah, the classic 'will it, won't it' dance around a key level. It's always entertaining to watch, especially when your portfolio is doing the cha-cha right along with it. Good luck with that 1920 push, may your stop-losses be ever vigilant.

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