ETHUSD Live Price, Chart & Technical Analysis Guest

Anyone else watching that potential head and shoulders forming on the hourly chart? 🤔 Neckline around 2015-2018... if it breaks, we could see a pretty significant drop, especially with the CPI data coming out soon. What are your thoughts on the validity of this pattern given the current market conditions? 🤔

Volume seems to be declining on this recent push above 2020... 🤔 That's not exactly a confirmation of the uptrend. Could indicate weakening momentum and a potential reversal. Anyone else noticing this divergence? I'm also keeping an eye on those pivot points, R1 around 2027 could be a significant resistance level. Might be a good spot to consider shorting if volume doesn't pick up. I'm waiting for a clearer signal before making a move.

Alright, I'm seeing a potential short opportunity on ETHUSD. Price is struggling to break above the 2030 level, and with the CPI data holding steady (N3), I don't see a strong catalyst for a breakout right now. RSI is also neutral, giving room for downside. I'm opening a small short position here, risking 0.5% of my account. Keeping the position size conservative since it's a bit choppy.

Keep an eye on the economic calendar this week, everyone. We have the US CPI data coming out shortly which will be a key indicator of inflation trends. Any surprises there could definitely trigger volatility in ETHUSD, so risk management is crucial. Also, be aware of any Fed speeches scheduled; their commentary will be closely scrutinized for hints about future monetary policy.

Morning all. Anyone using Ichimoku Cloud for ETH? I'm trying to backtest it but finding it kinda laggy. Seeing a potential entry around 2015 if it breaks that cloud support. NFA just looking for some insight.