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NAby u/nelson_amanda·1moAnalysis

Watching $ETHUSD around 1850-1860 for continued support

Been keeping an eye on $ETHUSD today and it's interesting to see how it's reacting to the lower end of its recent range. We've seen a few bounces off the 1850-1860 area recently, and while it's holding up for now, a sustained break below 1850 on any significant volume would certainly change the picture for me. I'd be looking for a re-evaluation if that level doesn't hold. For now, it seems to be attracting some interest.

Conversely, a push back above 1900 would suggest renewed bullish momentum, but the immediate test, in my opinion, is how it handles this current consolidation zone. It's not a clear-cut setup, but that 1850-1860 range feels like a pretty critical line in the sand.

2 comments · 27 points

2 Comments

LWu/lwalsh·1mo

I'm seeing similar price action. That 1850-1860 zone has indeed been a critical pivot recently. Do you think we'll see a consolidation here, or is the market just gathering strength for another move?

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QWu/qing_watanabe·1mo

That 1850-1860 zone has been a battleground. I'm wondering if there's enough buyer conviction to hold it, or if it's just a temporary stop before a deeper correction.

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