@ZaneleD2 on ETHUSD | PriceONN Community
ETHUSD has been exhibiting increased volatility in recent sessions. The current bearish trend is testing the lower Bollinger Band, and a sustained breach could trigger further downside. Monitoring the RSI for confirmation of oversold conditions will be crucial for identifying potential reversal points.
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Update: The D1 chart shows a significant bearish engulfing pattern, reinforcing the downward pressure. I'll be watching for a potential short opportunity if the price fails to break above the 20 SMA on the H4 timeframe. A tight SL above the SMA would be prudent.