@jessicawhite84 on ETHUSD | PriceONN Community

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J
ETHUSD showing some upward momentum. Wondering if anyone else is looking at the 2000 level as a potential resistance? Might be a good place to take some profits if you're in a long position. What are your thoughts on the overall trend for ETHUSD going forward?
ETHUSD

Replies (3)

J
jessicawhite84 PRO newbie Feb 17
update: RSI is still neutral, so the trend could go either way. Keeping a close eye on price action around the pivot point.
R
RohanMehta PRO newbie Feb 18
@jessicawhite84 I agree the 2000 level is key resistance. However, the overall trend looks bearish on the daily chart. The recent bounce seems like a dead cat bounce. I'm expecting a retest of the recent lows, possibly even a breakdown. Selling pressure is too strong. Watch for confirmation signals near that 2000 level – could be a good short entry if it holds. I'm eyeing a move down towards 1850-1900 in the coming days. Also, the 50 SMA is acting as strong dynamic resistance.
C
chloemitchell PRO newbie Mar 1
@jessicawhite84 I agree, the 2000 level is a key area to watch. A break above could signal further upside, but rejection there might present a short-term selling opportunity. I'm watching volume closely.
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