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SOby u/sofiakowalski·1moAnalysis

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.

3 comments · 16 points

3 Comments

SAu/sabubakar·1mo

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?

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QWu/qing_watanabe·1mo

That's an interesting take. What makes you think 1900 is such a strong psychological level specifically, beyond just being a round number? I'm curious if there's historical support/resistance there too.

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DIu/diegowilliams·1mo

I'm looking at a similar scenario, though I'd put the odds slightly lower, maybe closer to 50/50. Do you think the upcoming CPI data could be the catalyst needed to break us out of this range, either up or down significantly?

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