@rajesh1988 on ETHUSD | PriceONN Community

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rajesh1988 PRO newbie
ETHUSD Mar 4
ETHUSD currently testing the S1 pivot level around 1969. A break below this could lead to further downside towards S2 at 1957. However, the RSI is near neutral, not yet oversold, so a potential bounce is possible. Watching closely to see if this level holds as support. A decisive break would signal a continuation of the bearish trend.
ETHUSD

Replies (1)

brandontaylor10
brandontaylor10 PRO newbie Mar 4
@rajesh1988 I agree that the S1 pivot was key. The bounce held initially, but the current surge blew right through it. Given the strength of this move, I'm less inclined to look for downside now unless we see a significant rejection at R1 or R2. The trend seems firmly bullish at the moment.
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