@michael94 on ETHUSD | PriceONN Community

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M
Anyone else watching the 200-day SMA at around 2046? It's been holding as support for a bit, but with this bearish momentum, I'm wondering if it's just delaying the inevitable. What's the play if that level breaks? Do we assume a sharp drop to the next pivot point at 2019, or is there a chance of a fakeout and quick reversal?
ETHUSD

Replies (1)

S
staylor91 PRO newbie Apr 7
Hey @michael94, you're right to watch that 200 SMA. It's like the last line of defense before things get ugly. If it breaks, yeah, expect a rapid slide. I was thinking of throwing a small portion of my account at it if it dips below 2050, just for the thrill of the ride down. Gotta have some fun, right?
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