@daniel1997 on ETHUSD | PriceONN Community
The price action on ETHUSD today has been interesting. We saw a decent push towards the R1 pivot around 2153.34, but volume seems to be thinning out a bit now. The 50 SMA is still below the price, which is supportive, but the 200 SMA is a ways off at 2183.63. Watching closely to see if this uptrend can maintain momentum into the close.
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Also, the fact that the price is staying above the 50 SMA, which is around 2144, is a good sign. If we get a pullback and it tests that level and holds, it could be another entry opportunity. But yeah, if we break below 2140, I might reconsider my whole thesis for the day.