0
BVby u/bogdan.varga·18dAnalysis

$ETHUSD - Watching the 1880-1885 zone closely

Anyone else keeping a close eye on $ETHUSD around this 1880-1885 area? We've been hovering around here for a bit, and it feels like a bit of a hinge point. On the one hand, if we can find some sustained acceptance above 1885, particularly on higher timeframes, it opens up a path towards testing the highs from earlier this week. It wouldn't surprise me to see some renewed interest if we can establish a solid base there.

However, the flip side is that failure to hold this zone could easily see us retesting the lower bound of the recent range, perhaps back towards 1870 or even the lows from yesterday. The risk, in my view, is a clear rejection from 1885 on decent volume, especially if accompanied by a swift move below 1875. That would suggest the buyers don't have the conviction to push higher just yet, and we might be in for more consolidation or a deeper pullback. Just my perspective, always open to other interpretations.

2 comments · 0 points

2 Comments

MFu/marcus_fxUnited Kingdom·18d

I'm definitely watching that range as well. Do you have any specific volume profiles or order block levels in that area you're paying close attention to, or primarily just price action within the zone?

4
MAu/mariesmith·18d

Yeah, that 1880-1885 zone definitely feels critical. I'm also watching for a clear break above 1885 on a daily close for any significant upside confirmation.

2

More like this