@sMishra41 on ETHUSD | PriceONN Community

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sMishra41 PRO newbie
ETHUSD Feb 24
Hello everyone! I've been closely watching ETHUSD today. The bearish trend is quite pronounced, with the price currently around 1823.84. The RSI(14) is at 32.1, indicating it's nearing oversold conditions, which is interesting! We are clearly below the 20, 50, and 200 SMA lines. I'm looking for potential support around the lower Bollinger Band at 1803 or perhaps the S2 pivot at 1808.81. What are your thoughts on a potential bounce from these levels?
ETHUSD

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sMishra41 PRO newbie Feb 24
Update on my previous post regarding ETHUSD!

It seems the selling pressure is indeed continuing, pushing the price further down towards critical support levels. The fact that RSI is already in the low 30s suggests that while the trend is strong, a reversal could be imminent if it dips into the true oversold zone below 30. I am now keenly observing the 1803 level, which is the lower Bollinger Band, as well as the S2 pivot at 1808.81. If these levels fail to hold, we might see a test of even lower support.

However, a bounce from here, especially if accompanied by increased volume, could signal a temporary relief rally back towards the daily pivot at 1826.56. It's truly a fascinating time to watch this pair!
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