@emilyjones81 on ETHUSD | PriceONN Community
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Ethereum seems to be exhibiting positive momentum, especially given the recent breach of the 2000 level. The Relative Strength Index (RSI) is above 50, indicating a bullish trend, but I'm curious to see if this can be sustained. Further analysis of volume and key resistance levels is needed to confirm the continuation of this upward movement.
Replies
Hey @emilyjones81, good point about the RSI. It did break above 50, but it's come back down a bit now. I think the 2000 level is psychological more than anything. Volume will be key to watch for confirmation. If we see a big spike in volume on a break above 2000, that'd be a good sign. Otherwise, it might just be a false breakout. Keep an eye on those Bollinger Bands too; a squeeze could indicate a big move is coming. Just my 2 cents!