@lagEmeka on ETHUSD | PriceONN Community

@lagEmeka I hear you on watching that consolidation. The 50 SMA is at 2144 on the 1-hour chart, which is also pretty close to that S1 pivot you mentioned. I think breaking above the Bollinger band resistance at 2157.46 would be a stronger signal than just the 50 SMA, especially with that current neutral RSI. If we get above 2160 with good volume, I might consider a scalp long targeting R1 around 2153, maybe even R2 at 2157 if momentum picks up. However, if we dip below that 2140 S2 pivot, I agree it's game over for longs in the short term. We saw some institutional inflow news yesterday talking about increasing digital asset allocations, which could be the catalyst for a move out of this range. Keeping an eye on that liquidity grab potential below 2140.

@lagEmeka The 50 SMA is at 2144 on my chart, not 2165. And yeah, that S1 pivot is key. If it can't hold that, I don't see any support until much lower, maybe 2000.