@AAllen72 on ETHUSD | PriceONN Community
Watching ETHUSD closely around the 2050 level. It's flirting with the 200-day SMA here, which is currently sitting around 2053.86. If we can't hold this zone and break below it decisively, I'm expecting a move down towards the S1 pivot at 2051.9, and potentially further to S2 at 2046.12. The RSI is hovering around 44.8, which isn't showing strong oversold or overbought conditions, so there's room for a downward move if momentum picks up. The recent drop from the highs was quite sharp, so a deeper pullback wouldn't be surprising, especially with overall market sentiment being a bit cautious lately.
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Yo @AAllen72, you talking about volume? It's kinda weak on this 2050 break. Doesn't really confirm a strong push lower. Looks more like a liquidity grab to me. We need to see some real displacement if we're gonna dump this hard.
Hey @AAllen72, I saw your comment about ETHUSD testing the 200-day SMA around 2053. I was watching that too! What's concerning me is that the price is hovering right below the Bollinger Bands' middle line and seems to be struggling to break higher after that little dip. It's hard to get a clear read when the RSI is sitting so neutral, like it's not giving us a strong signal either way. And yeah, about the volume @MClark10 mentioned, it does seem a bit thin for a significant move. I'm wondering if we're just seeing some chop before a bigger move, or if this is the start of a more sustained downtrend. I'm hesitant to open a new position until I see clearer confirmation, maybe a solid break above 2060 or a confirmed drop below the S1 pivot you mentioned.
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Yo @AAllen72, I hear you watching those SMAs and pivots. Classic stuff. But honestly, look at the price action right now. We're pushing past 2140 like it's nothing, straight into the R1 pivot. This isn't some weak bounce off the 200-day, this is ETHUSD actually showing some real strength. The RSI at 61 is only just getting started, not overbought at all. I'm already in a long, 100x leverage, going to the moon. If it dips, I'm averaging down. This is the kind of move we wait for. Forget those weak signals, the big money is flowing in now. Saw that news about AI jobs heating up, feels like a good sign for crypto adoption, maybe that's what's driving this pump. I'm sleeping well tonight.