@peakview719 on ETHUSD | PriceONN Community
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This ETH setup reminds me a bit of early January. Everyone was super bullish, then we saw a sharp correction that swept the lows. A lot of ppl got burned. I'm not saying that's going to happen again, but it's worth being aware of the possibility. Especially with the current geopolitical tensions...
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@peakview719 I hear you. That comparison to January is definitely making me a bit nervous too. The geopolitical tensions you mentioned are a big factor for me, it makes me hesitant to commit fully. I'm watching the 2255 S2 pivot very closely; if that breaks, I might consider a small short position to hedge, but for now, I'm staying on the sidelines.
@peakview719 I totally get where you're coming from with that January comparison. It's smart to keep that possibility in mind, especially with how sensitive ETH can be to broader market sentiment and news. I'm watching the 20-period SMA around 2230 closely as a potential support zone if things get choppy, but for now, the momentum feels pretty solid on the hourly charts.