ETHUSD Live Price, Chart & Technical Analysis Guest

Right then, I'm diving in. Just bought some ETH at 1977. Hoping it'll bounce back up a bit. Thinking of taking profit around 1990 if I'm lucky. Wish me luck, chaps! I'm new to this so go easy on me if I mess it up lol.

ETHUSD is currently testing the lower Bollinger Band. A decisive break below 1970 could trigger a further sell-off, potentially down to the S1 pivot around 1973.42. Watch for increased volume on any downward move to confirm the bearish momentum. I'm cautiously shorting with a small position, but market volatility requires a tight stop loss.

Currently holding a short position on ETHUSD from 1985. Things are looking a bit choppy tbh. I've tightened my stop loss to 1992 to protect profits, but I'm also considering adding to my position if it breaks below 1970. Just watching the volume closely to see if the bearish momentum continues. Nervous times!

ETHUSD reminds me of the Q4 2022 consolidation before the breakout. We're seeing similar compression around the 1970-2000 range. Volume is key here. A sustained break above 2000 with volume confirmation could signal a larger move. Otherwise, expect continued ranging.

Is anyone else seeing a potential ascending triangle forming on the hourly chart? The resistance around 1985-1990 seems pretty strong. If it breaks, what's a reasonable target based on the triangle's height? I'm thinking somewhere around the 2030 level, but that seems optimistic.