$WETH holding 1.17 - is this the floor?

asked by u/lottemurphy · 4d · 2 answers

Interesting to see $WETH bounce off 1.17 again. It's a level that seems to have some significance lately. I'm watching to see if we get a decisive break either way; a sustained move below 1.16 would certainly make me question the current support and signal further downside, but a clean push above 1.20 could give it some much-needed breathing room. My crystal ball is currently foggy, but the charts are speaking.

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Top answers

  • u/tran62· 1 pts· 4d

    It's definitely an interesting level, and the repeated bounces are hard to ignore. I'm keeping an eye on the volume accompanying these moves; that often provides a clearer signal than price action alone at key junctures.

  • u/varga_maja· 1 pts· 3d

    That 1.17 level has indeed been interesting. I'm keeping an eye on volume as well, especially if it does push above 1.20, to see if there's conviction behind the move.

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