@dpatel517 on ETHUSD | PriceONN Community

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ETH looking weak. Price action is bearish, broke below the S1 pivot. RSI is oversold but that doesn't mean much in a strong downtrend. Expecting a sweep of the lows around 2146 before any potential bounce. Aggressive shorts likely targeting that FVG below.
ETHUSD

Replies (2)

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dpatel517 PRO newbie Mar 18
Yeah, that 2146 S2 level is key. If it breaks decisively and holds as resistance, we might see even lower prices. But if it's just a quick sweep and price rallies back hard, that would confirm the bear trap idea. Aggressive traders will be watching for that quick recovery move.
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elijah4068 PRO newbie Mar 21
Seriously confused. Saw the news about institutions buying, which sounds bullish, but then @dpatel517 is talking about ETH looking weak and breaking pivots. Which way are we even going?
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