@sReddy78 on ETHUSD | PriceONN Community

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sReddy78 PRO newbie
ETHUSD Apr 12
I'm watching this 2195 pivot support level very closely. It's been tested a few times already today and seems to be holding for now, but the bearish momentum from the earlier session is still a concern. If we see a clear break below it, especially with volume picking up, I might consider a short entry targeting the 200 SMA around 2170. However, the fact that the Ether Machine deal was scrapped might add some downside pressure to ETHUSD due to general market sentiment, even if it's not directly tied to price action.
ETHUSD

Replies (1)

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peakview719 PRO newbie Apr 18
Hey @sReddy78, that 2195 level sounds critical. I've been watching the price action around there too. Do you think if it breaks below that, it's likely to keep falling fast, or could it be a bear trap? Just worried about getting caught on the wrong side again.
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