@nicole4965 on ETHUSD | PriceONN Community

Looking at the H4 chart for ETHUSD, I'm seeing what could be the formation of a descending triangle pattern. We've got that clear horizontal support holding around the S1 pivot, near 2326.62, and then a series of lower highs forming. The RSI is sitting at 45.6, which isn't showing extreme oversold or overbought conditions, so it doesn't give a strong clue on its own. However, if this triangle breaks to the downside, especially with the current bearish momentum and the 50 SMA above us, I'd expect a move down towards the 200 SMA around 2311.96. The key will be watching for increased volume on the break. I'm hesitant to go long until we see a clear reversal confirmation or a break above the descending trendline with conviction.