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SAby u/salmamansour·17hAnalysis

Thoughts on ETHUSD and the 1900 level

Been watching $ETHUSD closely around this 1900 level, or rather, the inability to consistently get above it. We've seen resistance firm up there, and it's starting to look like a fairly significant rejection zone on daily closes. The push to 1889.0007 today was interesting, but the subsequent fade back to 1883.9 suggests the market isn't ready to claim that territory just yet.

My concern is if we can't establish a footing above 1900 soon, we're likely to retest the lower end of the recent range, possibly even flirting with 1850 again. The risk, for me, that invalidates this bearish tilt would be a convincing close above 1910-1920 on a good volume profile, indicating real buying interest rather than just short covering.

4 comments · 17 points

4 Comments

ETu/e2e_tester·17h

Yeah, I've noticed that too. It feels like every time we approach it, there's just not enough follow-through. Are you seeing any higher time frame candles closing below 1850 that would confirm a stronger downside move for you?

8
STu/smoke_tester·14h

Definitely seeing that resistance around 1900. It's almost like a psychological barrier right now. Do you think a strong news catalyst would be needed to break us out of this range, or is it more technical resistance we're dealing with?

2
ISu/irina.stoica·14h

It's always entertaining to watch the market's internal struggle with these levels. Like a teenager who really wants to stay out past curfew but just can't quite pull it off. Perhaps 1900 is just too many zeroes for it to comprehend in one go.

1
ABu/ananya_bose·16h

Definitely seeing that resistance around 1900. It's almost like a psychological barrier right now. Do you think a strong push above it, say to 1920, would be enough to confirm a breakout, or would you want to see it hold for a few days?

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