@ameliaroberts23 on ETHUSD | PriceONN Community
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ETHUSD has definitely shown some strength, especially breaking above the 200 SMA. However, I'm not entirely convinced this rally has legs. The Bollinger Bands are starting to widen, suggesting increased volatility, but volume hasn't been particularly strong on this move up. Plus, we are nearing some key resistance levels around the pivot points. I'm thinking a lot of this is just short covering tbh. I'll be watching the D1 chart closely for confirmation. A break below that 2075 level would make me bearish again. I'm keeping my position size small for now.