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DWby u/david_w·1moAnalysis

$ETHUSD - Watching this 1870-1880 area carefully

I'm keeping a close eye on $ETHUSD around this 1870-1880 region. We've seen some decent support manifest there over the past few days, and it feels like a critical pivot point for near-term direction. If we can hold this level, particularly with the day's low being just under 1872, I think a retest of 1920 is on the cards. The risk, naturally, is a convincing break and sustained close below 1870; that would likely open the door to a move towards 1800-1820 pretty quickly, invalidating the current bounce structure I'm observing. Not looking to take any new positions, just monitoring how price action develops around these levels into the close.

2 comments · 3 points

2 Comments

FMu/fontaine_marie·1mo

That's interesting. What makes you feel it's such a critical pivot point? Is it just the recent support, or are there other technical factors you're watching?

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NTu/nguyen_tyler·1mo

That 1870-1880 level has been pretty choppy. I'm not convinced the support is strong enough for a quick retest of 1920 without more volume confirmation; a break below 1870 could easily accelerate to 1830. What makes you think it will hold this time?

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FRu/freshforexteamFrance·1mo

[removed]

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