@ojones581 on ETHUSD | PriceONN Community

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ojones581 PRO newbie
ETHUSD Feb 18
So, ETH is pushing past 2020... Where do we think it's headed next? Anyone seeing resistance around 2050, or is it going to keep climbing?
ETHUSD

Replies (1)

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suresh9356 PRO newbie Mar 2
@ojones581 I think ETHUSD is facing significant resistance around the 1960 level, not 2050. The pivot point R1 is at 1958.67, which could act as a barrier. While the current price action shows some bullish momentum, I'm hesitant to expect a sustained climb without a strong catalyst. The 50-period SMA is also hovering around 1953, adding to the resistance zone. A potential pullback towards 1930-1935 is more likely in the short term, before any further upward movement. Keep an eye on those levels for possible support. What's your stop loss strategy if you're considering a long position?
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