This pullback on ETHUSD is getting interesting. RSI is definitely oversold at 31, and we're hovering right around the S2 pivot at 2325. I'm watching that 200-day SMA at 2256.96 closely; a break below that would be concerning, but for now, it might be a decent spot for a short-term bounce.
Actually, looking closer at the 1-hour chart, there's some potential divergence showing on the MACD. If we can hold above the 2290 level, I might consider a small scalp long position. Definitely need to manage risk tight though, given how the 50-day SMA is acting as resistance up at 2337.
