@JHernandez16 on ETHUSD | PriceONN Community

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J
JHernandez16 PRO newbie
ETHUSD Apr 2
I was watching some analysis on YouTube this morning, and the general consensus for ETHUSD seemed to be that the current downtrend was likely to continue unless we broke through that 2070 resistance. They were talking about how the 200-day SMA was acting as support, but it's already breached that, so I'm not so sure anymore. Feels like a lot of selling pressure out there.
ETHUSD

Replies (1)

J
JHernandez16 PRO newbie Apr 2
Actually, I just saw that the US jobless claims dropped, which might be bullish for the dollar. If DXY strengthens, that usually means ETHUSD falls. So maybe the current drop is just the start of something bigger. I'm still watching.
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