@zenithx54 on ETHUSD | PriceONN Community

Yeah, so if you see a bearish engulfing pattern at a pivot resistance, that's even more confirmation for a potential downside move. You gotta watch how ETHUSD reacts to these levels though, sometimes they break through with force. If it holds that S2 pivot at 2044.42, it might bounce, but if that breaks, we could see a bigger drop, maybe even down to that 200 SMA around 2045.86. The RSI is sitting at 44 which isn't oversold yet, so there's still room to fall before buyers might step in aggressively.