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ETHUSD - Current Range and Potential Breakdown
Watching $ETHUSD closely here. We've been essentially range-bound, but the inability to reclaim the $1900 level convincingly is concerning. Specifically, the candles around the $1870-1880 area feel a bit heavy. If we break and hold below $1872.81, which was yesterday's low, I'd expect a push down towards $1820-$1800. The risk to this downside scenario, obviously, is a strong bounce back above $1900 on significant volume, invalidating the current weakness. Just my read, always subject to market whims.
1 comments · 18 points
I'm seeing similar patterns, especially that struggle around $1900. Do you think the upcoming economic data releases this week could be the catalyst to push us out of this range, one way or the other?