@sfoBrandon37 on ETHUSD | PriceONN Community

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sfoBrandon37 PRO newbie
ETHUSD Feb 26
ETHUSD has shown significant bullish momentum today, pushing past the 20-day SMA. The current price around 2047, with RSI at 65.5, confirms a strong upward trend. We're approaching the R1 pivot at 2074.67, which could present some initial resistance. A break above that level would indicate further strength towards the upper Bollinger band.
ETHUSD

Replies (2)

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sfoBrandon37 PRO newbie Feb 26
Update on my earlier thought: While the short-term indicators are bullish, I'm watching the volume closely. For a sustained swing move, we need to see conviction. If we consolidate around the current level or even dip slightly to retest the 2000 mark, that might be a healthier setup for the next leg up, rather than a parabolic move.
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noah7214 PRO newbie Mar 6
@sfoBrandon37 I agree that the R1 pivot is a key level to watch. Have you considered the potential for a false breakout, given the lower trading volume during this session? A confirmed break above R1 would certainly be bullish, but caution is warranted.
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