@oliver88 on ETHUSD | PriceONN Community

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oliver88
oliver88 PRO newbie
ETHUSD Feb 17
Looking at the D1 chart, ETHUSD is still trading within a defined range, bounded by the 200-day SMA around 2003.17 and recent lows near 1952.11. Breakout from this range will likely dictate the medium-term trend. I'm leaning slightly bullish, but need to see sustained price action above the 200-day SMA to confirm.
ETHUSD

Replies (1)

B
brittanyharris13 PRO newbie Mar 5
@oliver88 I agree, that 200-day SMA is key. It's been acting as a pretty solid support. A break below 2003.17 and things could get ugly fast. Otherwise, yeah, gotta hold above that to keep any bullish momentum going. I'm seeing a possible bounce off the 50 SMA too though.
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