@olufemioluwole on ETHUSD | PriceONN Community

ETHUSD is showing clear consolidation around 1857. Price is caught right between the 20 SMA at 1835 and the 50 SMA at 1875. This is a common setup for a potential breakout, the Bollinger Bands are also tight, confirming low volatility. The RSI at 54.4 doesn't give a strong bias either way, so we need to watch price action closely. From a pivot perspective, we are hovering above P (1839) but below R1 (1852). A strong move above R1 could target R2 at 1861 or even the 50 SMA. Conversely, a failure to hold above P might lead to S1 at 1831. Daytrading this range requires tight stops and quick decisions. I'm waiting for a clear break of either 1853 or 1839 before placing a trade. Volume will be key for confirmation.