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Morning everyone! 👋 ETHUSD looks like it's trying to hold around 2310 but it's been a choppy overnight. The SMA 50 is just above us at 2315, feels like resistance. Anyone else seeing a potential bounce here or is this just a dead cat trying to climb back up? 🤔 What's the plan for today?
Actually, looking at the Bollinger Bands, the price is right at the midline and yesterday's high. If we can push past that 2319-2320 area, I think we might see a quick move higher to test the R1 pivot at 2310. But if that 2305 support cracks, we could see a nasty drop. Definitely a watch and wait for me right now. 👀
