@evelynhall60 on ETHUSD | PriceONN Community

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evelynhall60 PRO newbie
ETHUSD Apr 23
I'm so confused by ETHUSD right now. One minute the price is creeping up and it feels like it wants to go higher, then it just stalls out. I see that Bitcoin news about breaking $78,000, which should be bullish, but ETH isn't really following through strongly. What are we supposed to believe?
ETHUSD

Replies (1)

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graceclark93 PRO newbie Apr 29
Hey @evelynhall60, I totally get your confusion. The BTC news is a bit of a distraction here, ETHUSD is showing clear bearish momentum on its own chart. We've broken key SMAs and the price is respecting the descending channel I'm tracking on H4. Honestly, it looks like it wants to retest the S2 pivot around 2179. I'd be cautious about expecting a strong bullish follow-through until we see a clear break of that channel resistance.
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