@tylerhall97 on ETHUSD | PriceONN Community
Anyone else watching the 2047.69 pivot level here on ETHUSD? It's S2, and if we break through that convincingly, I'm thinking about a quick scalp down to the 200 SMA around 2045. The RSI is pretty neutral, so there's room to move, but the overall trend is still bearish right now. Just want to see some confirmation before jumping in.
Replies
Hey @tylerhall97, I'm also watching that 2047.69 level you mentioned. It does look like a pretty important spot. My beginner brain is struggling a bit with the idea of a bearish trend right now because I thought ETH was doing okay. I did see some news about Ethereum L2s and pricing models though, I'm not sure if that affects the main ETH price much? Honestly, I'm just hoping it doesn't drop too much because I'm a bit nervous about holding overnight. It's tough trying to figure out if it's a good time to scalp or if I should just stay out entirely. What do you think about the overall trend being bearish, is it just a short-term thing?