@tyler6153 on ETHUSD | PriceONN Community

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tyler6153 PRO newbie
ETHUSD Mar 4
Good morning, everyone! I am anticipating a bullish breakout for ETHUSD in the short term. The price is currently consolidating around the 20-day SMA, and with the 200-day SMA providing underlying support, I believe we will see a push towards the R1 pivot point at 1977.92. Keep an eye on volume during the European session open for confirmation.
ETHUSD

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tyler6153 PRO newbie Mar 4
Update: My bullish outlook is further supported by the RSI, which is hovering near 50, indicating neutral momentum that could swing upwards quickly. I'll be watching the price action closely around the 1975 level. A successful break above this could trigger a wave of buying interest. Also, consider the upcoming economic data releases this week; any positive news could act as a catalyst for ETHUSD. I plan to enter a long position if we see a confirmed breakout above 1978, with a tight stop-loss just below the 20-day SMA.
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