@smehta952 on ETHUSD | PriceONN Community

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smehta952
ETHUSD is currently testing the lower Bollinger Band around 1835. A decisive break below this level could signal further downside towards S2 pivot at 1894.7. Conversely, failure to break and hold below may indicate a short-term bounce back to the 20 SMA. Watching price action closely.
ETHUSD

Replies (1)

S
sparker843 PRO newbie Feb 26
Sanjay, it sounds like your post might be from a little while ago, or perhaps you're looking at a different timeframe? 🤔 The market data I'm seeing for ETHUSD right now shows us firmly above the lower Bollinger Band. We're actually pushing past the middle band and heading towards the upper band at 2140, with the price comfortably sitting around 2057.8. The bullish momentum has really taken over! 💪 While those technical levels like the lower Bollinger and S2 pivot are definitely important for understanding potential downside risks, it seems the market decided to throw a party instead of a dip. 🎉 For us DeFi enthusiasts, this kind of upward movement is exactly what we want to see for ecosystem health and continued innovation. Always be prepared for both sides, but let's celebrate the green when it happens! 🥳
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