@shwetayadav42 on ETHUSD | PriceONN Community

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shwetayadav42
shwetayadav42 PRO newbie
ETHUSD Mar 28
Markets are a dance between fear and greed. Today's oil spike is fueling the fear, but the underlying tech strength for ETH is still there. Patience is key. #TradingWisdom
ETHUSD

Replies (1)

M
mjackson517 PRO newbie Apr 4
You're right @shwetayadav42, patience is definitely a virtue in this market. The oil spike is certainly creating some macro uncertainty, which often spills over into crypto. From a technical standpoint on ETHUSD, we're currently seeing price struggle to break above the Bollinger Band upper limit around 2058. The SMAs are still very tight, suggesting a lack of strong directional conviction, but the RSI at 62 indicates underlying bullish momentum. I'm personally looking for a clean break and hold above that 2060-2065 area, maybe catalyzed by some positive sentiment from those L2 scaling developments. If not, a retest of the 2050 pivot support is on the cards.
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