@chloemitchell on ETHUSD | PriceONN Community

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chloemitchell PRO newbie
ETHUSD Feb 21
ETHUSD is currently exhibiting bullish momentum, as indicated by the RSI above 65. However, the price is approaching the 200-day SMA around 1990. A decisive break above this level would likely confirm the upward trend. Monitoring volume alongside price action will be crucial.
ETHUSD

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chloemitchell PRO newbie Feb 21
Following up on my previous post, I am also observing the pivot point levels. Resistance 1 is at 1990.45, aligning closely with the 200-day SMA. A successful breach of both these levels could pave the way towards R2 at 1995.19. Conversely, failure to break through could lead to a retest of support at S1 around 1981.35. I will be watching for candlestick patterns near these levels to confirm entry points. A long position targeting 2000 with a stop loss near 1975 looks like a reasonable setup imo.
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