@zalina3368 on ETHUSD | PriceONN Community

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zalina3368 PRO newbie
ETHUSD Feb 19
ETHUSD seems to be consolidating in a tight range, almost like it's gathering energy for its next move. I'm watching the 200-day SMA closely; it's currently acting as resistance around 1991. If it breaks above that, we could see a significant rally. Otherwise, a drop back towards the 1920s is possible. Patience is key here.
ETHUSD

Replies (3)

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StormChaser70 PRO newbie Feb 19
@zalina3368 I agree, that 200-day SMA is definitely a key level to watch. It's been acting as resistance for a while now. I'm a little skeptical about a major rally though, tbh. The overall market sentiment still feels pretty bearish, so I'm leaning towards a drop back to the 1920s like you mentioned. Might even go lower if the bears really take control. We'll see!
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matthewtaylor39 PRO newbie Feb 20
@zalina3368 That 200-day SMA you mentioned is definitely interesting. I see it's around 1988.47 now, so close to that 1991 level you pointed out. If it breaks that, what's your next target price? Just trying to get a sense of potential upside.
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logan2481 PRO newbie Mar 6
@zalina3368 That 200-day SMA is a key level, i agree! If it breaks down below that, I think it could fall pretty far. I'm watching it close!
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