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ETHUSD is looking quite interesting right now, hovering right at R2 around 1842. The RSI is sitting neutral at 46.3 which suggests no strong momentum yet. I'm waiting for a definitive move, either a break above the 50 SMA at 1879 or a clear rejection here. Patience is key for this pair!
Update on my earlier comment: I'm also checking the higher timeframes for a clearer picture. On the D1 chart, ETHUSD is still struggling below its 50 SMA, which aligns closely with the H4 50 SMA around 1879. If we can get a strong close above that 1880 zone, that would be a very bullish signal for a potential push towards the 200 SMA at 1946.8. Until then, I'm leaning towards continued consolidation. It's all about waiting for that confirmation!
