16
ETHUSD - Odds of re-testing 1900 this week
Considering the current $ETHUSD daily range (1905.6552–1924.99) and the broader market sentiment, I'm putting the odds of a re-test of the 1900 psychological level, or even slightly below it, at around 60% by Friday's close. We've seen resistance firm up near 1925-1930, and without a significant new catalyst, a dip back to test prior support seems more probable than a sustained push through 1930 and towards 1950. The volume on these upward moves isn't particularly convincing either, suggesting any rallies could be susceptible to profit-taking. It's a forecast, not a call to action.
1 comments · 16 points
I'm curious what kind of catalyst you'd be looking for to push us past 1930. Do you think a general market rebound would be enough, or would it need to be ETH-specific news?