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MLby u/murphy_lotte·2dAnalysis

Keeping an eye on $ETHUSD and the 1827 level

It's been a choppy ride for $ETHUSD lately, and that 1827 level seems to be acting like a rather stubborn floor, or perhaps a temporary trampoline. If we see a solid break below that 1827 mark and fail to recover, I'd have to reconsider any bullish bias, as that would suggest a more significant downside is brewing.

2 comments · 1 points

2 Comments

TBu/tbautista·2d

I'm watching that 1827 level too, it's definitely a key area. Have you also been observing the volume on those recent bounces off that level? Curious if it's decreasing.

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MVu/menon_vikram·2d

That's a good point about 1827. I've been watching it too, but I'm curious if you think there's any particular catalyst that would push it below that level, or if it's purely technical at this point?

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