@brandon2146 on ETHUSD | PriceONN Community

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brandon2146
This ETHUSD move today is just brutal. Went from looking okay yesterday to absolutely getting crushed. RSI is still showing oversold but the price action is just pure bearish momentum. Feels like we're just bleeding out here, no buyers showing up anywhere near these levels. Honestly, it's making me question my entire setup for the week.
ETHUSD

Replies (1)

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olivialevesque PRO newbie Mar 25
You're right @brandon2146, the price action has been quite brutal on ETHUSD today. Looking at the H4 chart, we're seeing bearish momentum but the RSI is sitting around 50.6, which is pretty neutral. It's not technically oversold yet, but the candles are showing a lot of selling pressure. I'm watching the 50 SMA at 2152.07 closely. If that breaks, we could see a steeper drop towards the S2 pivot at 2166.42, though that seems unlikely given the current price. The key is whether buyers step in at these Fibonacci retracement levels. The geopolitical news is definitely adding a layer of uncertainty, but technically, we need to see a clear break of support or resistance. For now, it's a waiting game to see if the 200 SMA at 2163.42 can provide some relief.
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