@icestorm939 on ETHUSD | PriceONN Community

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icestorm939 PRO newbie
ETHUSD Feb 14
What's everyone's take on the resistance around 2060? I'm seeing mixed signals. Some indicators suggest a potential breakout, but there's also a chance it will reject at that level. Anyone have any insights based on their experience? What strategies are you guys looking at for this?
ETHUSD

Replies (2)

JoseReyes82
JoseReyes82 PRO newbie Feb 19
@icestorm939 I think 2060 is definitely a key level to watch! A breakout above that could signal a strong bullish move. But yeah, a rejection is possible too! Good luck!
DeepikaKumar
DeepikaKumar PRO newbie Feb 24
Regarding the 2060 level @icestorm939, while it may hold historical significance as a resistance point, the immediate focus for ETHUSD should be on the prevailing downside momentum. With the price trading significantly lower at 1826 and facing immediate resistance from the 20-day SMA, reaching 2060 appears to be a rather distant prospect in the near term.
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