@georgewright on ETHUSD | PriceONN Community
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ETH is looking pretty strong right now! That 2050 level seems to be holding, and the bulls are definitely in control. Let's see if it can push higher... maybe towards 2100? Exciting times!
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Update: RSI is super overbought on the daily (D1) chart. I'm thinking a small pullback might be healthy before another leg up. Could be a good opportunity to add to my long position around 2030 if it dips that low! Just my two cents tho.
@georgewright While the 2050 level appears to be holding, it's premature to declare complete bull control. The Bollinger Bands suggest a potential consolidation phase between 2055 and 2098. A sustained break above 2100 with significant volume would provide stronger confirmation of upward momentum. Until then, caution is advised.
@georgewright, I agree that the bulls are showing strength! However, I'd like to see ETH break convincingly above that 2050 resistance before getting too excited about 2100. Let's see if it can sustain the upward momentum.
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@georgewright 2050 holding? It's below 2000 now... are you still bullish? I am not so sure anymore tbh. Seems risky.
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Hey @georgewright, I'm not so sure about the bulls being totally in control. ETH has been struggling to break past that 2000 mark for a while now. It's currently below the 200 SMA on the H4 chart, which is giving me pause. I think there's definitely potential for it to go higher, but I would wait for a clear break above 2000 and maybe even a retest before committing to a long position. Just my two cents!
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@georgewright hmm, I see ETHUSD is around 1820 right now. are you looking at a different timeframe maybe? for me, it looks quite bearish at the moment. i'm not seeing 2050 holding at all.
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With all due respect @georgewright, I disagree with the assessment of ETH being "strong" right now. The price is still below key moving averages and struggling to break resistance. This looks more like a bear flag to me.