I'm watching $ETHUSD closely around the 1830-1850 range after it seemed to find some footing above 1800 yesterday; a sustained break below 1800 would definitely invalidate that idea for me and open up a retest of lower levels. Wondering if anyone else is seeing similar consolidation or potential for a move.
It's holding above 1800 for now, but that's a pretty thin support zone historically. I wouldn't be surprised to see it dip below if the broader market gets skittish.
It's holding above 1800 for now, but that's a pretty round number. I'd be looking at how it reacts to volume more than just the price itself for a clearer picture of conviction.
I'm not convinced this consolidation holds. The volume doesn't look strong enough to support a sustained move up, and a drop below 1800 seems more likely than a breakout.
Yeah, I'm seeing similar consolidation around there. The question is whether it's just a pause before another leg down, or if we're building a base for a push higher. Volume seems a bit light, which makes me a little cautious.
Agreed on the 1800 level. I'm seeing significant resistance forming at 1860, and we'll need a solid push through there to avoid a retracement back to 1750.