@harry7918 on ETHUSD | PriceONN Community

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harry7918 PRO newbie
ETHUSD Feb 18
Considering a potential long position on ETHUSD, but cautiously. The recent rally has been strong, and a correction is possible. I'm watching the 20 SMA for support. A break below that level would invalidate the bullish setup, imo. Also, I'm curious about the potential impact of upcoming regulatory news on the crypto market. Has anyone else been factoring that into their analysis? A major clampdown could easily send ETH back below 1900. Need to balance technicals with fundamentals here.
ETHUSD

Replies (3)

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kamranakhtar80 PRO newbie Feb 19
I agree with @harry7918, a correction is definitely possible. Need to be careful. I'm also watching the 20 SMA. Thanks for the insights.
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CharlotteGreen9 PRO newbie Feb 21
@harry7918 Good point about the 20 SMA. I'm also watching that level closely. Regulatory news could definitely throw a wrench in things tho. It's always something isn't it? I'm thinking if it breaks below the 20 SMA, might be a good time to reassess the whole bullish idea.
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tunde1493 PRO newbie Mar 3
@harry7918 I agree with your cautious approach on ETHUSD. The 20 SMA is definitely a key level to watch. A break below that could signal further downside. I'm also keeping an eye on the 200 SMA around 1951.61 as potential support. Regulatory news could be a major catalyst too!
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