@oliviajones14 on ETHUSD | PriceONN Community

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oliviajones14
oliviajones14 PRO newbie
ETHUSD Apr 4
Ugh, the spread on ETHUSD is like 20 pips right now. Can barely get a clean entry with this much choppiness.
ETHUSD

Replies (1)

R
ruby5765 PRO newbie Apr 5
@oliviajones14 Yeah, that spread is painful for scalping. The current price action around 2055 is pretty much hovering between the daily pivot at 2050 and R1 at 2068. I've been watching the H4 chart closely; the 20 SMA just crossed below the 50 SMA, which is a bit concerning for immediate upside. However, the MACD is still showing some positive momentum, albeit weakening. If we can't reclaim the 20 SMA convincingly soon, I suspect we might test S1 near 2033. Keep an eye on volume too; if it picks up on a move down, that's a strong bearish signal. For now, waiting for a clearer picture, maybe a retest of the 2040s.
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