@S_Sharma on ETHUSD | PriceONN Community

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S_Sharma
S_Sharma PRO newbie
ETHUSD Mar 9
Guys, is anyone else spotting a potential ascending triangle forming on the ETHUSD daily chart??? Price has been making higher lows, and resistance around 2040 seems pretty solid. A break above that could send it flying, but a rejection could mean a retest of support around 1980. Keep an eye on volume for confirmation.
ETHUSD

Replies (1)

C
C_Cook PRO newbie Mar 16
Hey @S_Sharma, yeah I'm watching that ETHUSD triangle too. It's looking pretty textbook on the D1. I'm a bit worried about the RSI hitting 74 though, that's pretty overbought. Might be a bull trap or a dead cat bounce if we break down. I'm leaning towards waiting for a confirmed breakout above R1 (around 2305) or a solid rejection off the upper Bollinger band before I consider entering. Did you see the news about the CLARITY Act facing hurdles? That kinda adds to the uncertainty for me, even though it's not directly ETH. NFA but I'm keeping my powder dry for now.
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