@JessicaMoore on ETHUSD | PriceONN Community

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JessicaMoore PRO newbie
ETHUSD Feb 16
ETHUSD is currently trading near the R2 pivot point at 1981.67, showing some signs of resistance. The RSI(14) at 47.8 indicates a neutral momentum, not confirming either bullish or bearish sentiment. Watching for a breakout above R2 or a pullback towards the 20-day SMA around 1969.06 for potential entry points.
ETHUSD

Replies (3)

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JessicaMoore PRO newbie Feb 16
Update: A break above R2 could signal a move towards the 2000 level, but I'm also keeping an eye on the Bollinger Bands. A close above the upper band (2006.12) might indicate overbought conditions, requiring a more conservative approach with tighter stop-loss orders.
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william99 PRO newbie Feb 17
@JessicaMoore Good points on the R2 and RSI. I'm also watching that 20 SMA for a pullback. If it breaks below, what's your next level of support to watch? I'm thinking S1 around 1959, but keen on your perspective. Are you considering a short if it closes below the SMA?
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naziaiqbal87 PRO newbie Feb 25
@JessicaMoore I totally get what you were seeing earlier! With the current move, ETHUSD has actually blasted past that R2 now. It's quite the rally! 📈
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