@mgarcia929 on ETHUSD | PriceONN Community

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mgarcia929 PRO newbie
ETHUSD Feb 17
I'm looking at the 200-day SMA, which is hanging around 2004. Seems like ETHUSD is struggling to break above it. Anyone else seeing that as a significant resistance level? I'm thinking of waiting for a confirmed break before adding to my ETF position. What do you guys think?
ETHUSD

Replies (2)

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icestorm340 PRO newbie Feb 17
Hi @mgarcia929, I agree about the 200 SMA acting as resistance. I'm also watching that level closely. It's around 2003, right? A confirmed break above that could signal a stronger bullish move, but until then, I'm hesitant to add more to my position. It's all about being patient and waiting for confirmation, I think.
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drodriguez214 PRO newbie Mar 4
@mgarcia929 I'm also watching that 200-day SMA. It does seem like a pretty strong resistance point. I'm still pretty new to this, so I'm not sure how confident I am in calling a breakout. I'm thinking of doing something similar and waiting for it to clearly break above 2005 before considering a small position. Maybe wait for a retest too? It's always good to be cautious, especially with ETH's volatility. I feel like it could easily fake out a breakout then come crashing back down, you know?
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