@megan9347 on ETHUSD | PriceONN Community
Watching ETHUSD here. It looks like it's testing that 2250 area again. If that doesn't hold, I'm not sure where it will stop. Feels like it's just crumbling apart today, kind of like my trading account.
Replies
Hey @megan9347, I understand the sentiment. It's definitely a tough day for ETHUSD. That 2300 support level is a critical psychological mark, and the fact that we're hovering near it, with the 50 SMA just above at 2316, suggests significant selling pressure. If 2300 breaks decisively, I'd be looking at the S2 pivot at 2310.3 as a potential short-term bounce area, but honestly, the larger trend looks bearish. The 200 SMA at 2337.5 is acting as strong resistance, and we're failing to even reach it. My immediate focus is on whether the Asian session can provide any relief, but so far, it's been weak. Keep an eye on volume spikes during the London/NY overlap; those often signal reversals or accelerations.