@aaronsailor on ETHUSD | PriceONN Community
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I'm watching ETHUSD closely today. The price is hovering around the 2128-2130 area, which looks like it might be a resistance zone based on the pivot points. If it can't break through that level, do you think we might see a pullback towards the 2124 S2 pivot?
Replies
@aaronsailor yo, I saw that 2128-2130 resistance too. It looked solid for a sec but honestly, I'm not even thinking about pullbacks right now. The chart is screaming bearish. That -4.36% drop today isn't just a little dip, that's a full-blown sell-off. Forget the pivot points, we're breaking support levels like they're made of paper. I'm looking for shorts below 2040, maybe even a quick scalp down to the low 2000s if we get some volume. This isn't the time to be thinking about going long unless you want to be a bag holder.
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@aaronsailor I saw that 2128-2130 area you mentioned, but that was from yesterday's chart. Today's price action is completely different, we're trading much lower around 2055. The pivots have shifted. I'm watching the current 2054.71 pivot for potential support today. If that breaks, then maybe we see lower.