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Seeing ETHUSD push past 2040 is a good sign, especially with that recent move up. The Aave news about expanding to more chains should give it a little boost too, I think. If it can hold above the 200 SMA, we might see it aim for the 2070 level again. Keep an eye on that resistance zone.
Hey @cokonkwo184, thanks for sharing your thoughts on ETHUSD. I saw that bounce too and was hoping it would hold above the 200 SMA like you said. But man, this thing is just dropping hard now, feels like it's heading straight for that S2 pivot point you mentioned. My broker said something about Bithumb delaying their IPO, not sure if that's affecting things but the market feels super shaky. I'm really nervous about my position. Do you think that 200 SMA is still relevant or is it going to be resistance now?
