@ejones261 on ETHUSD | PriceONN Community
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I'm curious to hear other traders' perspectives on the long-term outlook for ETHUSD. While the current bullish trend is encouraging, how sustainable do we believe this rally is, particularly considering the broader economic climate? What key resistance levels should we be monitoring beyond the immediate pivot points?
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@ejones261, good point about the long-term outlook. I reckon the sustainability of this rally hinges on whether we see a genuine increase in real-world adoption. All this hype is great, but it needs to translate into actual usage. I'm watching the 2100 level as a key resistance. A break above that could signal further upside, but it needs substance behind it.
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@ejones261, that's a great point about the broader economic climate. I'm also wondering how much the current price is factoring in future expectations vs. current realities. What indicators are you watching to gauge the sustainability of this rally? It's all so fascinating but also quite overwhelming at times!
@ejones261, that's a good question about how long this can last. tbh, I'm not sure. The news is always changing, and it feels like anything could happen. I'm watching that 200 SMA you mentioned, and if it breaks through that, I reckon it could keep going up. But if it bounces off, maybe it's time to sell? I don't really understand all the fancy terms, but that's what I'm thinking anyway. Just trying to plan for retirement ya know. What do you think?
@ejones261 That's a super good question about the long-term outlook for ETHUSD! 🧐 I'm also really curious about how sustainable this rally is, especially with all the economic news out there. Like, the price is currently around 2061 and still above the SMAs, so it feels bullish now. But how do we know if it's going to hit something like the R2 at 2083 or even the Bollinger upper band around 2134 and then pull back? 🤔 I'm trying to learn how to factor in the broader economic stuff too, it feels so complex! Any tips on what indicators or news sources help with that long-term view? 🙏 My swing trades usually only last a few days.
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@ejones261 I agree, it's hard to say how sustainable this rally is. The broader economy is definitely a concern. I'm watching the 2040 level as potential resistance. I'm not sure if it will break through it. What are your thoughts on the long-term?
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@ejones261 That's a good question about the long-term outlook. I'm also cautious, especially with all the economic uncertainty. I'm looking at key resistance levels like 2000 and 2050, but I think it's important to consider the overall market sentiment. The US job market weakening could affect the Fed's rate policy, which would then impact ETHUSD. A sustained rally needs solid fundamentals, not just hype. I'm sticking to swing trades for now, too risky to hold long term imo. Might look for a short if it breaks down thru 1960. Anyway goodnight, need sleep.