@ThomasWilliams on ETHUSD | PriceONN Community

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T
ThomasWilliams PRO newbie
ETHUSD Mar 7
ETHUSD is currently exhibiting bearish momentum, as evidenced by the significant drop below the 2000 level. The RSI of 31.5 suggests oversold conditions, but I anticipate further downside movement towards the S2 pivot at 1971.74 before any potential reversal. I will be monitoring price action around this level for signs of support and a possible long entry, but a break below would signal further bearish continuation.
ETHUSD

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ThomasWilliams PRO newbie Mar 7
Update: Given the overnight session's quiet nature, I'll be closely watching for a potential fakeout below S2 to trap early sellers before considering a long position. Risk management is paramount in these conditions.
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