@tyler2467 on ETHUSD | PriceONN Community

Hey @tyler2467, interesting comparison to early 2023. I'm also watching the price action here on ETHUSD. That R1 pivot at 2182 is definitely a key level to break for any sustained move higher. I've noticed the RSI is sitting right around 53, pretty neutral, but the 50 SMA is acting as a bit of resistance around 2170. We might see some sideways chop until we get clearer signals from the geopolitical news, especially with the Middle East tensions and the Robinhood buyback possibly influencing broader market sentiment. If we can push through 2182 with solid volume, I'd be looking to add to my position, but until then, I'm cautious. Still feels like we're consolidating rather than starting a strong uptrend.

Hey @tyler2467, that's a solid comparison you're making there with the 2023 action. I'm watching ETHUSD like a hawk right now, and yeah, that R1 pivot is screaming 'challenge me'. I've been feeling a bit of a dead cat bounce vibe myself, especially with how hard it dropped today. Like, sure, it looks oversold on the RSI, but is it just a trap? All this inflation talk from the Fed is making me nervous too, feels like they could hike again and really put the brakes on everything, crypto included. I'm hesitant to go long here with that kind of uncertainty hanging over us, even if it looks like a good entry point. Need to see some solid confirmation before I even think about throwing any leverage at it.