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$ETHUSD - Testing the 1880 barrier, but with a catch
Watching $ETHUSD here, it's making another run at that 1880 area, which has been a pretty stubborn ceiling lately. If we can punch through and hold above that for a decent period, say, a 4-hour close or two, then perhaps we get a shot at the next resistance around 1900-1920. My concern is the previous rejections; a failure to break 1880 convincingly would likely send us back to test 1850 support, or even lower if the general market takes a dip. It’s always a coin toss near these established levels, isn’t it?
1 comments · 12 points
Good points on the 1880 resistance. I'm also looking at the volume profile on these attempts; seems a bit anemic for a decisive breakout. Any thoughts on the broader market sentiment influence?