ETHUSD - Watching this 1900-1920 zone
Hey everyone, been keeping an eye on $ETHUSD today and it's pretty much hugging that 1900-1920 region. We saw a bit of a dip down to 1911.455 earlier before finding some support and bouncing back into the current range around 1920.35.
What I'm watching closely is whether this area holds as a base for a push higher or if it's more of a distribution zone before a move down. A clean break and sustained trade below 1900, maybe even a retest of the low 1800s, would definitely invalidate my current slightly bullish lean here. On the flip side, if we can consolidate above 1920 and get some volume behind it, the path of least resistance could be a retest of the recent highs. Just sharing my thoughts, definitely not financial advice.
Yeah, it's definitely a crucial zone. I'm wondering if the broader market sentiment will push it one way or another, or if ETH can carve out its own path here.