@sipho847 on ETHUSD | PriceONN Community
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ETHUSD is struggling to break above the 2000 level. The bears are definitely in control right now. We need to see a strong push above that resistance to confirm a bullish reversal. Otherwise, expect more downside to come. Keep an eye on those SMAs, they're key.
Replies
@sipho847 I agree, the 2000 level seems like a strong resistance for ETHUSD. If it can't break that, more downside is likely. I'm also watching the SMAs like you said. Do you have a specific price target in mind if it continues to fall? 🤔 I'm trying to set a reasonable SL. Thanks for the analysis! 👍
I agree with you, @sipho847. That 2000 level seems like a tough nut to crack. If it fails to break above, I think we'll definitely see more downside. Where do you see the next major support level if it keeps dropping? I'm trying to figure out where to set my TP if i decide to short.