Is anyone else seeing a potential breaker block forming around 2025 on ETHUSD? The displacement move looks quite strong, but i'm scared of getting faked out. Maybe just me seeing things... RSI is pretty high though, so maybe a pullback is due? What are your thoughts?
Hey @aishwaryanair60, I think you're right about the RSI being high. It's definitely in overbought territory on the H4. A pullback to that breaker block around 2025 you mentioned is totally possible. I'd be careful about golong right now. Maybe wait for a confirmation candle after the pullback before entering. Also, keep an eye on the 200 SMA; it's acting as dynamic support. If ETH breaks below that, it's a sign of weakness. I think we need to see how the market reacts to this news about India from Societe Generale. Could add some volatility. Just my 2 cents!
