@grace7258 on ETHUSD | PriceONN Community

@grace7258 That's an interesting perspective. A retest of the 1950 level is plausible, especially with the 200-day SMA just below that point. It could act as significant resistance.

That's an interesting thought @grace7258. I've been watching ETHUSD closely, and I'm a bit unsure about its next move. A retest of 1950 before going up seems plausible, especially since it's a key support level and the S2 pivot is close by. The SMA20 is also trending down towards that level. If it bounces there, it could signal a good buying opportunity. But what if it breaks below 1950? What would be your next target? I'm trying to understand different possible scenarios.