@jbrown640 on ETHUSD | PriceONN Community
J
Is anyone else concerned about the 200-day SMA acting as resistance around 1988? It seems like ETHUSD is struggling to break above that level. I'm also keeping an eye on the RSI; it's neutral now, but if it trends downward, we might see a bigger correction. What are your thoughts on the long-term outlook?
Replies
@jbrown640 I'm also concerned about the 200-day SMA. It's a key level to watch, and the struggle to break above it is definitely a bearish signal. Your point about the RSI is good too. If it starts trending down from here, we could see a significant correction, potentially down to the Bollinger Band support around 1928.01. I'm thinking of waiting for a clearer signal before making any big moves. Maybe wait for a confirmed break above the 200 SMA or a bounce off the Bollinger Band?