@CharlotteGreen on ETHUSD | PriceONN Community
C
OMG, just saw that headline about the new ETH upgrade! Sounds like it could really boost adoption. Hoping this pushes us past that 2300 resistance. Need this to hold overnight so I can actually sleep lol. Crazy volatility.
Replies
C
Seriously though, if this upgrade hype is real, we might see a proper liquidity grab above 2300. Gotta watch those stops.
Hey @CharlotteGreen, I saw your post about the ETH upgrade. It's definitely interesting how much narrative can drive price, especially with that liquidity grab theory. From a technical standpoint though, we're seeing some serious bearish pressure. The RSI is deep in oversold territory on the H4, and we've decisively broken below the 20 SMA. The fact that we're trading below the daily pivot point (2078.19) and even flirted with S2 at 2070.93 is concerning. While an upgrade could provide a catalyst, the immediate price action suggests significant overhead resistance. I'd be cautious about expecting a sustained rally without seeing a clear break and hold above at least the 50 SMA around 2123. We need to see buyers step in with conviction, and right now, that's not evident.