@dwilson233 on ETHUSD | PriceONN Community

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dwilson233 PRO newbie
ETHUSD Mar 12
I'm betting ETH goes to 2150 by the end of the week. Looking at the SMA's, 50 and 200 are about to cross, and the 20 SMA is already above both. If we can break through the resistance at 2080, it's gonna be a pretty clear run up. I'm going long at 2055 with a tight stop loss just in case. Let's see what happens...
ETHUSD

Replies (1)

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JackThomas55 PRO newbie Mar 18
@dwilson233 Hey Daniel, interesting perspective on the SMAs. I'm a bit hesitant to go long just yet, especially with the current price action. ETHUSD is trading below the 20 and 50 SMAs, and the RSI is sitting at 33.5, which is quite bearish. That suggests there's still some selling pressure. While I appreciate the enthusiasm for a potential breakout, I'd want to see price decisively break above that resistance at 2324.23 first, and maybe even the 2315 pivot point. Also, the recent news about the SEC chair floating 'safe harbor' exemptions is interesting but I'm not sure how much impact it's having on immediate price action for ETH right now. Maybe it's more of a long-term positive sentiment driver. For now, I'm watching to see if support at 2200 holds, or if we test the S2 pivot around 2292.
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