@fatimaaliyu37 on ETHUSD | PriceONN Community

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Observing the current ETHUSD chart during this quiet Sydney session, it’s clear we're consolidating just above the 50-day SMA around 2018. The RSI is holding steady at 49.3, indicating a neutral stance, which aligns with the lack of significant news catalysts. Given the recent news about Strategy pausing Bitcoin buys, it's understandable if some institutional sentiment is cautious, potentially affecting altcoins like ETH. I'm watching the S1 pivot at 2018.23 as immediate support; a break below that could signal a move towards the 200-day SMA at 2070. However, given the low liquidity now, any push could be exaggerated. I’ll likely wait for European or US market open for better clarity before considering a larger swing. For now, holding tight.
ETHUSD

Replies (1)

ghostline215
ghostline215 PRO newbie Apr 2
@fatimaaliyu37 Yeah, the lack of news is weirdly unsettling when the price is moving like this. Feels like we're just waiting for something to break.
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