@GamerTimothy on ETHUSD | PriceONN Community

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GamerTimothy
Looking at ETHUSD on the H4 chart, we're currently sitting just above the S1 pivot at 2263.16. The RSI is down at 37.9, which suggests some room for a bounce, but it's not yet oversold. The 20-period SMA is acting as resistance now around 2303, and the price is well below the 50 and 200 SMAs. If we can't reclaim that 2300 level soon, I wouldn't be surprised to see a push down towards the 2250 area that Nurul mentioned, maybe even testing the Bollinger lower band near 2257. Need to see some strong volume confirmation before considering any directional bias right now.
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