@daniel577 on ETHUSD | PriceONN Community
Given the proximity to the R1 pivot and the overbought RSI, I'm anticipating a potential short-term correction in ETHUSD. A break below the psychological level of 2040 could trigger a deeper pullback towards the SMA20 at 2029.54. However, the overall trend remains bullish, so I'll be monitoring price action closely for signs of renewed upward momentum.
Replies
Interesting analysis @daniel577! I agree a short-term correction is possible, especially if it fails to break R1 at 1993.6. I'll watch for that break below 2040 you mentioned.