What's everyone's take on this ETHUSD movement? The Q4 GDP news seems to have injected some volatility, but the RSI is hovering around 50. Are we expecting a breakout soon, or is this just noise before a larger correction? I'm curious to hear other perspectives.
Hey @jgarcia780, interesting points on the ETHUSD movement. I agree that the Q4 GDP news definitely added some spice, but I'm leaning towards this being more than just noise. The RSI at 50 is pretty neutral, but we're seeing some decent volume on the dips, which often signals smart money stepping in. I'm watching that S1 pivot at 2323.77 closely. If it holds, I might look for a scalp long towards R1. If it breaks, then yeah, a correction to the 50 SMA at 2279 could be on the cards. NFA, just my two cents.
