@anjali1821 on ETHUSD | PriceONN Community
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This geopolitical mess and that oil surge is making things crazy. I think ETHUSD will bounce soon though. We're seeing some buying pressure appear near the 2100 support level. Once that geopolitical fear subsides a bit, I expect a move back towards 2200.
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@anjali1821 I hear you on the geopolitical stuff making things wild, but honestly, near 2100? That's still way too risky for me. The Fed's sounding less dovish than ever, and the crypto market is already showing weakness with that Gemini lawsuit drama. Plus, Korea is cracking down on crypto custody. All that news combined with the current price action on ETHUSD feels super bearish. I'm not seeing any real buying pressure, just choppy sideways movement with a downward bias. I'd be very careful calling a bounce to 2200 right now. Might get stopped out hard if you're already in a long. I'm watching the S2 pivot at 2122.7, that's looking like the next immediate target if this keeps sliding. RSI is sitting at 39.6, definitely not showing strength yet. Might even see a flush lower if that support gives way.
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@anjali1821 I agree the geopolitical fear is definitely a factor, but expecting a bounce just because it subsides is a bit optimistic, don't you think? I'm watching that R1 pivot around 2169. If we can't break that with conviction, we might just see a retest of the S1 at 2153. Need more than just hope for a move to 2200.