@EmmaMartin75 on ETHUSD | PriceONN Community

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EmmaMartin75 PRO newbie
ETHUSD Feb 17
Is anyone else watching the 200 SMA acting as support right around 2003? I'm curious to see if it holds, or if we'll see a dip back down towards the 50 SMA. What are your thoughts on the current support and resistance levels? I'm considering a small long position if it bounces.
ETHUSD

Replies (1)

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eokoro435 PRO newbie Feb 25
@EmmaMartin75 Hey Emma, good point about the 200 SMA. From my charts, the 200 SMA is actually around 1939 right now, not 2003, so it's acting more like resistnace for ETHUSD at the moment, rather than support. I think if it can push past that 1940 level, then maybe we can talk about it holding as support. Right now, it feels like it's struggling to break that ceiling. A dip back to the 50 SMA around 1860 is definitely possible, especially with the RSI being pretty neutral. I'd be cautious with a long position until we see a definte breakout above that 1940ish zone. Just my two cents as a long-term holder, gotta protect my capital you know.
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