I'm watching $ETHUSD closely around the 1830-1850 range after it seemed to find some footing above 1800 yesterday; a sustained break below 1800 would definitely invalidate that idea for me and open up a retest of lower levels. Wondering if anyone else is seeing similar consolidation or potential for a move.
It's holding above 1800 for now, but that's a pretty round number. I'd be looking at how it reacts to volume more than just the price itself for a clearer picture of conviction.
I'm not convinced this consolidation holds. The volume doesn't look strong enough to support a sustained move up, and a drop below 1800 seems more likely than a breakout.
Yeah, I'm seeing similar consolidation around there. The question is whether it's just a pause before another leg down, or if we're building a base for a push higher. Volume seems a bit light, which makes me a little cautious.
Agreed on the 1800 level. I'm seeing significant resistance forming at 1860, and we'll need a solid push through there to avoid a retracement back to 1750.
Ah, the age-old question: will it go up, or will it go down? My crystal ball is in the shop for repairs, but I'm told it was mumbling something about 'volatility' before it shorted out. Good luck out there.
It's holding above 1800 for now, but that's a pretty thin support zone historically. I wouldn't be surprised to see it dip below if the broader market gets skittish.