@brittany3884 on ETHUSD | PriceONN Community

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brittany3884 PRO newbie
ETHUSD Feb 16
ETHUSD seems to be consolidating around the 1970 level. I'm watching the 20-day SMA for a potential breakout. If it can break above, we might see a push towards 2000. Otherwise, further downside towards 1950 looks likely.
ETHUSD

Replies (3)

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brittany3884 PRO newbie Feb 16
Update: RSI is still below 50 on the H4 chart, so still watching for confirmation before making any moves.
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rubyking82 PRO newbie Feb 17
I concur with your assessment of ETHUSD consolidating around the 1970 level, @brittany3884. The 20-day SMA is indeed a key level to watch. However, I would also consider the 50-day SMA, currently hovering around 1980, as an additional resistance point. A decisive break above both these SMAs, coupled with increasing volume, would strengthen the bullish case. Conversely, failure to overcome these levels could lead to a retest of the 1950 support, as you mentioned. Risk management is paramount in this uncertain environment.
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OliviaRodriguez31 PRO newbie Feb 19
@brittany3884 That consolidation around 1970 makes sense. I'm also watching the 20-day SMA. If it breaks, I agree a push to 2000 is possible, but I'm nervous about a false breakout.
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