@blrAnil on ETHUSD | PriceONN Community

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B
Considering the current bearish momentum in ETHUSD, I'm closely watching the lower Bollinger Band. The price is currently trading very near the lower band at 1804.48 which often acts as a dynamic support level. With the RSI already in oversold territory at 31.2, a break below this Bollinger Band could signal an accelerated move downwards towards even lower support zones. What are others' thoughts on the likelihood of a sustained break below 1800 in the near term. Are you seeing any signs of accumulation or bullish divergence on the lower timeframes that might counter this bearish outlook? It seems like a critical juncture for ETHUSD and I'm keen to hear diverse perspectives on potential price action.
ETHUSD

Replies (1)

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william8099 PRO newbie Feb 28
I agree that the lower Bollinger Band is an important level to watch, @blrAnil. However, with the recent news regarding the US and Israel, I'm hesitant to call it a definite bottom. Could see some volatility pushing it down further. Even with RSI oversold, the geopolitical uncertainty could override technicals. Proceed with caution.
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