@cokonkwo750 on ETHUSD | PriceONN Community
Man, ETHUSD is just lingering around 2135. Looks like it's struggling to break the 20-day SMA at 2140. I think we might see a push down towards that S2 pivot at 2120. The downward trend from earlier today is still there, even if it's slow. Gotta be careful here.
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I saw @kjackson479 mention the dollar strength. That's a good point. If that continues, it could really put pressure on ETH, pushing it down past 2100. We might even see some stop hunting below the current lows before any potential reversal. Definitely something to watch for tomorrow.
Actually, rechecking the hourly charts, that 2120 level has held a few times. Might be a good spot for a bounce if we get there. Still, the overall picture looks bearish for now.