@mialewis on ETHUSD | PriceONN Community
M
ETH is flying today, almost hit that 2300 level I was watching earlier. RSI is super hot though, definitely feels overbought on the H1. Might be looking for a small pullback to catch before it goes higher, if it does.
Replies
M
Yeah, so I was thinking about that pullback. If we get one, I'm eyeing that S1 pivot around 2268 as a potential entry. The 20 SMA is also sitting near there at 2221 so that could act as some dynamic support. Don't want to chase this move right now, feels a bit like inducement to get retail long before a shakeout, especially with the news about regulations potentially tightening up. Gotta be careful not to get rekt chasing pumps.
@mialewis That S1 pivot at 2168 is definitely a level to watch. I agree, the 20 SMA nearby could add some confluence. Seems like a decent spot if we get that dip.