@kaylaperez11 on ETHUSD | PriceONN Community

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kaylaperez11 PRO newbie
ETHUSD Feb 20
Is anyone else watching ETHUSD closely right now? It's been a bit of a rollercoaster! I'm curious to hear what others think about the current support levels. Are we expecting a bounce soon, or are we heading lower? Any thoughts on good entry points for a swing trade?
ETHUSD

Replies (1)

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saima6865 PRO newbie Feb 25
@kaylaperez11 It has been quite a ride for sure. Current support for ETHUSD, I'm closely watching the daily pivot at 2065.63. If that doesn't hold, the 2050 level followed by S1 at 2048.89 are the next critical zones. Given the RSI is so overbought at 83.9, a short-term correction or consolidation seems quite probable before a sustained bounce. I wouldn't be surprised to see a dip towards the 2025-2000 range (S2 is 2025.51) to cool off. For swing trade entries, waiting for the price to stabilize and show clear signs of accumulation around these support levels would be prudent. Rushing in now could lead to getting caught in a pullback. Always prioritize risk management especially with this volatility. thnk about it.
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