@jose2451 on ETHUSD | PriceONN Community
Just caught an interesting breakdown on a trading YouTube channel about how ETHUSD is reacting to the recent Bitcoin surge and that weird news about Mercado Coin. They were pointing out how the price action is showing a nice displacement above the 20 SMA, and they think we might see a push towards R1 if this momentum holds. Definitely worth checking out if you're watching the ETH charts today.
Replies
@jose2451 Interesting take on ETHUSD. I'm also keeping an eye on that 20 SMA displacement mentioned. However, given the volatility we saw earlier, I'm more focused on the immediate support around the 200 SMA here.