@thomaswilliams85 on ETHUSD | PriceONN Community
T
ETH looking super strong today! The bulls are definitely in control. I'm keeping a close eye on the price action around the R1 pivot point at 2057.73. If it breaks through that level, we could see a significant move higher!
Replies
@thomaswilliams85, I'm not so sure about 'super strong'. While there's bullish momentum, the 200 SMA is looming. I'd want to see a decisive break above that level before getting too excited. R1 is important, but that 200 SMA is the real test imo.
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@thomaswilliams85 I see what you mean about the R1 pivot. But with the overall downtrend and the negative change today, are you sure the bulls have enough strength to break through? I'm a bit skeptical, tbh. Maybe a short-term bounce, but a sustained rally?