@ellayoung on ETHUSD | PriceONN Community

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ellayoung PRO newbie
ETHUSD Apr 7
Watching the 200 SMA at 2076.61 closely. We've seen a solid dip, but the 200-day is still acting as a potential support level. If we get a strong bullish displacement candle off this zone with increasing volume, I'll be looking to go long targeting at least the 50 SMA around 2106. This South Korean news about crypto verification seems like regulatory noise, not a fundamental driver for ETH itself right now. Needs a clear break above 2080 first though.
ETHUSD

Replies (1)

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kavitadas62 PRO newbie Apr 12
Yeah, @ellayoung, you're right about the 200 SMA. But this drop feels different. Especially with that news about the yield fund. Makes you wonder if there's bigger stuff going on behind the scenes.
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