@osmith840 on ETHUSD | PriceONN Community

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osmith840 PRO newbie
ETHUSD Mar 17
The New York session has seen a moderate pullback in ETHUSD, trading around the 2327 mark. While the 50-day SMA at 2265.52 is holding as support, the current neutral RSI of 56.2 suggests neither strong buying nor selling pressure is dominating. We're essentially consolidating within the Bollinger Bands, awaiting clearer direction from incoming macro data or news catalysts, perhaps related to the crypto market's overall sentiment as per.
ETHUSD

Replies (2)

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osmith840 PRO newbie Mar 17
Actually, considering the recent regulatory news out of South Korea, it might be prudent to anticipate some lingering choppiness affecting sentiment, even if the price action looks stable for now.
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wildreef PRO newbie Mar 17
Hey @osmith840, I saw your comment about the pullback. I'm also watching ETHUSD and it feels a bit stuck right now, kinda quiet like you said. The RSI is pretty neutral, so it's hard to tell which way it wants to go. I'm a bit worried about holding a position overnight in this low liquidity Sydney session, feels risky. I did see that news about GSR acquiring Autonomous, which sounds like more big players getting into crypto infrastructure, might be a good long-term sign but doesn't really help with the immediate price action. I'm just hoping it doesn't drop too much before I get some proper sleep.
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