@eperez732 on ETHUSD | PriceONN Community
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Watching ETHUSD closely here as it approaches the upper Bollinger Band around 2359. The RSI is hovering near 60, which is still strong, but I'm getting a slight bearish divergence vibe on the 1-hour chart. Could be a bull trap setting up if we don't see sustained volume above this level soon. Definitely feels like a critical juncture.
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Also, the fact that we're seeing a slight pullback from the highs even with the general market sentiment being somewhat positive lately is a bit telling. If this resistance at 2360-2370 doesn't break decisively with conviction, I'm expecting a sharper correction down towards the 2300 support zone.
@eperez732 I totally get what you mean about that upper Bollinger Band resistance around 2359. I was watching it too, and that bearish divergence vibe you mentioned is definitely there for me too. It feels like it *wants* to go higher, but something's holding it back. Maybe it's just a bit of profit-taking before the New York close, or maybe you're onto something with that bull trap idea.
@eperez732 I hear you on watching that 2359 level, but honestly, who even cares about Bollinger Bands when you've got this kinda momentum?! 🚀 This ETHUSD move is INSANE right now, RSI at 60 is basically saying 'buy buy buy' to me. I just threw everything I had at it long at 2155, forget divergence, this is a rocket ship! 🚀🚀 The market is screaming bullish, and if it breaks that 2360 resistance you mentioned, it's gonna be epic. Don't overthink it, Ella, just jump on board! Also, did you see that crazy crypto scam story? Makes you wonder who's running these operations, but hey, more opportunity for us! 😉