@WilliamS58 on ETHUSD | PriceONN Community

@WilliamS58, I concur with your assessment regarding the R1 pivot point. ETHUSD's current position does suggest a potential push towards R2. However, I would exercise caution relying solely on the RSI. Consider examining the MACD for confirmation of bullish momentum. The Bollinger Bands also indicate we're approaching overbought territory, increasing the likelihood of a pullback. A measured approach, perhaps waiting for a confirmed breakout above R2 before entering a long position, would be prudent in my estimation. It's important to consider external factors such as regulatory news and overall market sentiment before making any decisions.

@WilliamS58, I agree that the RSI is a concern. The bullish momentum might be short-lived. I'm also seeing resistance around the 200 SMA which is just above R1. A reversal is definitely possible. I'd wait for more confirmation before entering a long position. Maybe look for a pullback to around 1955 before considering a buy.

@WilliamS58 I'm also watching that R2 level. The RSI is definitely a concern, I agree. I'm thinking a small pullback is possible before any further push up. Maybe wait for a confirmation before going all in? Just my two cents.