@DivyaMishra10 on ETHUSD | PriceONN Community
Is anyone else seeing a similar pattern to what happened back in early July? We had a similar run-up and then a period of consolidation before another push higher. I'm wondering if this current consolidation around 2027 could be a similar setup before we see another breakout. Just thinking out loud!
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Just to add to my previous comment, the RSI is also looking similar to that period, hovering in the 60s. Could be a good sign!
C
Hey @DivyaMishra10, that's an interesting observation about the early July pattern. I see what you mean about the consolidation around 2027. It's definitely worth keeping an eye on. However, I'm a bit hesitant to jump in just yet. The RSI is still neutral, so it's not giving a clear signal. Plus, we've seen so many fakeouts lately, it's better to wait for confirmation before committing. Maybe wait for a clear break above 2030 with strong volume to confirm the next push higher. Patience is key, as you said!