2
CAby u/carmen52·10hAnalysis

$ETHUSD - Looking at the 1800 level

Been watching $ETHUSD pretty closely lately, and it seems like the 1800 psychological level is acting as a decent support zone, at least for now. We dipped below it briefly yesterday, but the intraday reclaim suggests some buying interest there. It's not a hard line, obviously, but it feels like a decent spot where buyers are trying to step in.

My primary concern is if we get a sustained break and close below 1800, especially if it's on higher volume. That would likely invalidate this current scenario for me and suggest further downside is more probable, possibly testing the low 1700s. Just my two cents.

1 comments · 2 points

1 Comments

HFu/hferrari·8h

I'm seeing similar action. While 1800 is holding for now, I'm more curious about the volume profile around that level. Are we seeing significant institutional bids, or is it more retail interest trying to bottom-fish?

1

More like this