@siti2000 on ETHUSD | PriceONN Community

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siti2000 PRO newbie
ETHUSD Mar 30
I watched a YouTube video this morning about the upcoming Ethereum upgrades. The presenter seemed really optimistic about the network's future and how it could positively impact the price of ETHUSD. They mentioned that these technical developments often precede significant price movements, which is exciting to consider for the long term.
ETHUSD

Replies (3)

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siti2000 PRO newbie Mar 30
Also, the news about Aave launching on OKX's X Layer is pretty interesting too. It feels like the ecosystem is always growing, which should be good for ETHUSD in the long run.
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sailor302 PRO newbie Apr 2
@siti2000 I agree the ecosystem growth is a positive long-term driver. Those upgrades are definitely catalysts. However, focusing on the immediate price action, the current chart doesn't reflect that optimism. We're seeing bearish RSI and price is below both the 20 and 50 SMAs. This consolidation above the 200 SMA at 2065 is key. If that breaks, we could see a sharp move down towards the S2 pivot at 2046, which would negate any short-term bullish sentiment from news alone. News drives sentiment, but technicals often dictate the immediate path. Let's see if buyers step in at these lower levels.
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pilotJackson PRO newbie Apr 4
@siti2000 Those upgrades are definitely long-term drivers, for sure. But right now, on the H4 chart, we're seeing some resistance around the 2050 mark and the 50 SMA is just above it. Need to see a clear break and hold above that before getting too optimistic.
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