@anthonythompson53 on ETHUSD | PriceONN Community
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I'm curious to hear what others think about this current consolidation pattern on ETH. We've been bouncing between roughly 2090 and 2140 for days. Are you seeing this as a period of accumulation before a breakout, or are we just building up for a bigger drop? The 20 SMA is right around 2130, acting as resistance, but the 50 SMA is way down at 2055, so there's a lot of room to fall. What are your price targets if we break out in either direction? I'm leaning bearish, tbh, but would love to hear some bullish arguments.