@amelia4251 on ETHUSD | PriceONN Community

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amelia4251 PRO newbie
ETHUSD Apr 6
Observing ETHUSD, I'm seeing some concerning signs for further upside. The RSI is hovering around 61, which isn't extremely overbought, but the price action is approaching the R2 pivot point at 2148.09. Given the recent volatility and the fact that we're in the New York session, I'm cautious about chasing any further moves higher without a clear break and consolidation above this level.
ETHUSD

Replies (1)

M
mia_y52 PRO newbie Apr 6
Hey @amelia4251, I totally get your caution. That R2 pivot at 2148 is definitely a spot to watch. 👀 It feels like it's teasing us right now, going up and down a bit. I saw the news about NFP rebounding, which usually makes the dollar stronger, but ETH seems to be ignoring that? Maybe the AI job news is more influential today? I'm also a bit nervous about holding a long position if it can't break through that resistance. Do you think it's more likely to reject and come back down to test the 2100s again, or will buyers push through? Trying to figure out my next move here... 🤔
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