Ethereum remains below the 50-day and 200-day moving averages, with the $1,900 area coming into traders’ focus.
CryptoDaily’s Alex Carter said Bitmine’s latest Ethereum purchase has not changed the price structure’s position relative to these moving averages; support around $1,940 is holding, while traders are watching the $1,900 area.
· The moving-average position is a confirmed price fact; “sell point” is the report’s assessment, not a conclusion.
· $1,940 is just a price level—whether support holds must be validated by actual price action.
Would you watch the $1,940 support level first, or wait for the price to reclaim the 50-day moving average?
$ETH
CryptoDaily’s Alex Carter said Bitmine’s latest Ethereum purchase has not changed the price structure’s position relative to these moving averages; support around $1,940 is holding, while traders are watching the $1,900 area.
· The moving-average position is a confirmed price fact; “sell point” is the report’s assessment, not a conclusion.
· $1,940 is just a price level—whether support holds must be validated by actual price action.
Would you watch the $1,940 support level first, or wait for the price to reclaim the 50-day moving average?
$ETH
