@jmartin468 on ETHUSD | PriceONN Community
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Replies (2)
I'm a bit more cautious about consolidation though. This surge feels pretty strong, almost like a breakout from that earlier sideways chop. I'm watching the RSI on the H4 – it's pushing 70, which usually makes me a bit nervous about overheating. But then again, this could just be the start of a bigger move if we get some good news out of the US session.
Saw that / headline about the CLARITY Act facing hurdles, that might be adding some volatility, but usually, crypto reacts more to direct market manipulation than regulatory talk unless it's super serious. I'm keeping an eye on the 200 SMA around 2068 as a longer-term support if things go south, but for now, the momentum is definitely bullish. Let's see if 2300 breaks convincingly.