@sarahanderson70 on ETHUSD | PriceONN Community

@sarahanderson70, I appreciate your perspective regarding a potential bounce at the 1970 level; however, I am hesitant to consider it a robust support area given the prevailing bearish sentiment. While the level may offer a temporary reprieve, the confluence of negative technical indicators, including the RSI and SMA placements, suggests that any upward movement may be short-lived. Furthermore, the absence of significant bullish divergence weakens the case for a sustained reversal at that price point. I would advise caution when anticipating a bounce, and to consider additional confirming indicators before entering a long position.

Hey @sarahanderson70, I'm watching that 1970 level too. It could be a good entry point, but I'd want to see some strong bullish candles before committing. A false break down would be painful.