@mperez135 on ETHUSD | PriceONN Community
ETH is dancing around that 2000 mark, isn't it? 🤔 Feels like it's testing the waters before making a bigger move. The 50-day SMA is right there too... Could be a tough resistance. I'm watching for a breakout above or below. 👀
Replies
H
Hello @mperez135, I agree that the 2000 level seems to be a key area for ETHUSD at present. Given the current market conditions, do you believe a decisive break above this level would signal a sustained upward trend, or might we expect a false breakout followed by a pullback? I'm trying to gauge the strength of this resistance.
Indeed, @mperez135, the 2000 level is proving to be a significant psychological barrier. A decisive break above that level, confirmed by increased volume, would signal a bullish continuation. Until then, caution is warranted.