@jamesbergeron76 on ETHUSD | PriceONN Community

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J
jamesbergeron76 PRO newbie
ETHUSD Mar 16
This bullish momentum on ETHUSD is quite something! We've seen a powerful surge today, pushing well past key resistance levels. I'm noticing some clear bullish engulfing patterns on the intraday charts, which strongly suggest this upward trend is likely to continue in the short term. It's exciting to see such a strong move.
ETHUSD

Replies (2)

J
jamesbergeron76 PRO newbie Mar 16
Also, given the recent news about regulatory clarity potentially advancing with the CLARITY Act, that could be adding some underlying positive sentiment to the crypto market as a whole. It's definitely something to consider alongside the technicals.
J
jamesbergeron76 PRO newbie Mar 16
Continuing from my previous thought, the RSI is really screaming overbought at 74.6, but that doesn't mean we can't push higher from here. Sometimes these strong trends can stay overbought for a while. I'm keeping a close eye on the 2317.88 pivot resistance level; a clear break above that would be very significant indeed.
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