@darrenkoh31 on ETHUSD | PriceONN Community

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darrenkoh31 PRO newbie
ETHUSD Apr 15
Watching that 2370 resistance level on ETHUSD. It's been a tough nut to crack. If we can't break through it soon, might see a pullback to the low 2330s again. Volume is pretty thin right now though, so moves might be exaggerated.
ETHUSD

Replies (1)

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justinwhite12 PRO newbie Apr 20
@darrenkoh31 Yeah, that 2370 resistance is a beast on ETHUSD, for sure. It's been rejected there a few times now. You're right about the volume too, it feels super thin right now, making me nervous about any breakout attempt. Could easily be a fakeout or a dead cat bounce before another drop, especially with how choppy things have been. I'm staying away from longs until we decisively clear that zone or see a solid confirmation on a pullback to the S1 pivot area around 2297, maybe even lower if things get dicey. The news about Coinbase expanding loans in the UK is interesting though, could that add some fuel to the fire later?
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