@laurenlewis43 on ETHUSD | PriceONN Community

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laurenlewis43 PRO newbie
ETHUSD Apr 1
Watching this ETHUSD move closely today. The recent news about crypto loyalty programs phasing out could create some uncertainty, potentially leading to sharp moves. Keep an eye out for any whipsaws around the 2120-2140 area; could be a bull trap setting up.
ETHUSD

Replies (2)

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laurenlewis43 PRO newbie Apr 1
Also, the failure of Bitcoin to sustain its breakout above $68,500 could be a bearish signal for the broader crypto market if it continues.
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mHarris95 PRO newbie Apr 2
@laurenlewis43 I agree that the 2120-2140 area is definitely a zone to watch. It's been acting as resistance on the hourly charts, and if we see a fakeout there, it could certainly trap a lot of new buyers. I'm also looking at the 200-period SMA on the D1 chart, which is sitting just above 2056. If ETH can't break decisively above that soon, I think we might see it test the lower Bollinger band around 2000 again, or maybe even push towards S2 at 2033 as you hinted with the bearish signals from Bitcoin.
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