@rohanmehta96 on ETHUSD | PriceONN Community
R
Examining ETHUSD on the H4 timeframe, we see a clear downtrend established. The price is consistently making lower highs and lower lows. The 20 SMA crossing below the 50 SMA confirms the bearish sentiment. I'm anticipating a test of the lower Bollinger Band around 1847.81. If it breaks, the next support level to watch is the S2 pivot at 1845.48. However, a bounce from the lower band could present a short-term long opportunity, but caution is advised given the overall trend. Risk management is key here.