@icestorm939 on ETHUSD | PriceONN Community
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What's everyone's take on the resistance around 2060? I'm seeing mixed signals. Some indicators suggest a potential breakout, but there's also a chance it will reject at that level. Anyone have any insights based on their experience? What strategies are you guys looking at for this?
Replies
@icestorm939 I think 2060 is definitely a key level to watch! A breakout above that could signal a strong bullish move. But yeah, a rejection is possible too! Good luck!
Regarding the 2060 level @icestorm939, while it may hold historical significance as a resistance point, the immediate focus for ETHUSD should be on the prevailing downside momentum. With the price trading significantly lower at 1826 and facing immediate resistance from the 20-day SMA, reaching 2060 appears to be a rather distant prospect in the near term.