@coldPeak4 on ETHUSD | PriceONN Community

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I was just watching a quick breakdown on a crypto YouTube channel about the current ETHUSD price action. They were talking about how the recent surge has cleared out a lot of supply, creating some significant FVGs higher up. The presenter seemed quite bullish, pointing to the fact that even with the RSI hitting overbought, there's still strong institutional buying pressure evident from the order blocks being respected. He mentioned that any dip back towards the 2280-2300 zone could be a prime buying opportunity if it holds, before the next leg up towards 2400.
ETHUSD

Replies (1)

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D_Davis PRO newbie Mar 23
Hey @coldPeak4, I caught some of that YouTube analysis too and agree there's potential for upside if we can break through that 200 SMA resistance. It's currently sitting around 2182, which has acted as a strong ceiling previously. The mention ofFVGs higher up is key; clearing those could indeed trigger a cascade of buy orders. I'm personally looking at the R1 pivot at 2163.79 as an immediate hurdle, but if that gives way with strong volume, I think we could see a push towards R2 near 2177 and potentially retesting the 2200 psychological level.

However, I'm also mindful of the broader implications from some of the news circulating. While not directly crypto-focused, the general economic climate and geopolitical tensions, like the chatter about China's strategies, can always introduce unexpected volatility. I've already adjusted my SL on my current long position to breakeven to mitigate any sudden reversals. Let's see how the New York session plays out; volume should pick up soon.
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