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DWby u/david_w·6hAnalysis

$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.

3 comments · 3 points

3 Comments

FMu/fontaine_marie·5h

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·4h

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·4h

I'm seeing similar patterns, but I'm also wondering if the broader market sentiment might put pressure on that support level. Are you seeing any indicators that suggest stronger buy interest coming in, or is it mostly a lack of selling volume holding us there?

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