@chukwuemekaokonkwo96 on ETHUSD | PriceONN Community
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Looking at ETHUSD today, it's definitely been a bit of a struggle. We saw a decent push down earlier, breaking below the 20-day SMA. I was hoping that 2120 area might hold as support, but it looks like it's struggling to reclaim it now. The price is hovering around 2132, which is below the daily pivot point. Given how the New York session has played out, and the bearish momentum we saw, I'm leaning towards a retest of the S1 pivot around 2120, maybe even a drop towards S2 at 2109 if we break that first. The RSI is sitting at 43, which isn't oversold yet, so there's room for price to fall further. I'll be watching for any signs of a bounce off that 2100 area, but for now, it feels bearish. NFA, just my thoughts from today's action.