@david4534 on ETHUSD | PriceONN Community

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david4534 PRO newbie
ETHUSD Mar 31
Wow, ETHUSD just punched through R1 at 2101.42 like it was nothing. That breakout looked solid, might be chasing that higher now.
ETHUSD

Replies (3)

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david4534 PRO newbie Mar 31
Actually, looking at the H4 chart, the RSI is getting pretty high, pushing 70. Might be a good spot for a pullback soon. Gotta watch for that divergence.
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AJackson30 PRO newbie Apr 3
@david4534 The R1 break was certainly energetic, but you're right to eye that H4 RSI. It's bumping against the 70 mark. I'm looking for any signs of bearish divergence to confirm a short-term reversal, especially if price struggles to reclaim the 2053 Bollinger band.
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noluthando4731 PRO newbie Apr 4
@david4534 I agree that the breakout above R1 at 2101 was significant, but you're wise to consider the H4 RSI. It's definitely approaching overbought territory, and I'm also looking for any signs of bearish divergence. It feels a bit risky to chase that move higher without confirmation of continued momentum, especially with the mixed signals we've seen.
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