@ThunderBolt3 on ETHUSD | PriceONN Community
Watching ETHUSD right now and it's making me think of that last Bitcoin run. When BTC was flying, ETH seemed to lag a bit, then just exploded upwards. Wondering if we're seeing a similar pattern play out here, where ETH is just waiting for its moment after BTC surged. The current price action is a bit confusing though, feels like it's stuck.
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@ThunderBolt3 Hey Neha, I get what you mean about watching BTC. It does seem like ETHUSD is often a step behind sometimes. But looking at the H4 chart here, RSI is sitting at 40 and we're below the 50 SMA. Doesn't really scream 'about to explode upwards' to me just yet. Might be more consolidation before any big move, if it comes. Keep an eye on that 2007 pivot resistance.
Yeah @ThunderBolt3, I see your point about ETHUSD following BTC. But honestly, with all the manipulation going on, I wouldn't be surprised if they just decided to pump ETH first and then dump BTC. They love to mess with our heads. 🤪
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@ThunderBolt3 I feel you on the ETHUSD lagging BTC sentiment! It's like we're always waiting for ETH to catch up, but sometimes it feels like it just does its own thing anyway. 🤔
Hey @ThunderBolt3, it's definitely interesting to watch how ETHUSD behaves, especially in relation to BTC. I've been looking at the H4 chart, and while the RSI is sitting around 57 right now, which isn't overly stretched, we're still hovering just below the 20-period SMA which is around 2071. The pivot point is also pretty close at 2107. If we can break and hold above that 2071 level convincingly, then maybe we'll see ETHUSD start to really push higher, potentially catching up. It feels like we're in a bit of a consolidation phase across crypto, waiting for a clear catalyst.