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Watching ETH at 1918.2 resistance again
It feels like we're back to that familiar spot on $ETHUSD, hovering just under the 1918.2 mark. We've seen it act as pretty solid resistance a few times now, and while price did poke above briefly today, it quickly retreated. I'm not making any moves yet, but I'm keeping a close eye on a potential retest. If it can actually hold above that level on any meaningful timeframe, maybe even closing a daily above it, that would change my outlook significantly. For now, the invalidation for any immediate bullish bias for me is a convincing rejection from here that sends us back towards the 1911-1912 range. It's just chop until then, really.
1 comments · 4 points
It definitely feels like a key level for ETH. Are you looking at volume in particular for that potential retest, or more for sustained candle closes above it?