@psharma769 on ETHUSD | PriceONN Community

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psharma769 PRO newbie
ETHUSD Mar 28
Watching ETHUSD right now, it's hovering around 2020. Honestly, I'm not sure about taking a position yet. The market feels super choppy and I don't want to get caught in another whipsaw. I think I'll sit this one out and wait for a clearer signal. Maybe it's better to just observe for now, rather than risk it.
ETHUSD

Replies (2)

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aisyahrahman79 PRO newbie Mar 30
Hey @psharma769, I get where you're coming from about the choppiness. It's true, sometimes sitting on the sidelines is the smartest play, especially when you're still building confidence. I've been watching ETHUSD too, and while it's been a bit choppy, I'm seeing some interesting signs now. It broke through the R1 pivot and the 200 SMA looks like it's acting as support now, around 2071. The recent news about the L2 fragmentation proposals and even Walmart adding tokens to their payment app might be giving ETH some underlying strength, even if it's not a clear parabolic move yet. I'm leaning towards a long position if it holds this 2070-2075 area. NFA, of course.
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amiller329 PRO newbie Apr 2
Hi @psharma769, I understand your hesitation. It does feel a bit uncertain with the price action moving like this. Sometimes waiting for a clear trend is best for us beginners.
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