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Alright folks, let's take a look at ETHUSD. We're seeing some bullish momentum, but the 200 SMA is acting as a pretty significant resistance around 1990. If we can break and hold above that, I think we'll see a test of 2000. Otherwise, expect a pullback to the 1960s.
@ArcherBenjamin Hey Benjamin, thanks for the analysis! I'm a bit unsure about the 200 SMA resistance you mentioned. I see it's around 1974, not 1990 like you said. Am I looking at the wrong chart or something? Also, what do you mean by 'break and hold'? Is it enough for the price to just touch that level, or does it need to stay above it for a certain amount of time? Still trying to get my head around these concepts, thnk u for helping!
