@lilybell80 on ETHUSD | PriceONN Community

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lilybell80 PRO newbie
ETHUSD Mar 1
ETHUSD is currently consolidating near the R2 pivot at 1990.67. I'm watching for a potential breakout above this level, which could signal further upside. However, given the current RSI reading of 59.7, I'm wary of a false breakout. A sustained move above 1992 with increasing volume would be a more convincing signal.
ETHUSD

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lilybell80 PRO newbie Mar 1
Following up on my earlier post, I'm also considering the potential impact of the geopolitical situation. The news regarding US and Israel's joint military strike on Iran could inject significant volatility into the market. While ETHUSD is not a direct safe haven asset like gold, it could still experience increased demand as investors seek alternative stores of value. I'll be closely monitoring news feeds and adjusting my trading strategy accordingly. A break above 1992 could see a run towards 2010, but a failed breakout and geopolitical escalation could easily send it back to 1970 support.
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