@sedwards58 on ETHUSD | PriceONN Community
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ETHUSD showing some bullish signals, but I'm not convinced yet. RSI is neutral around 51, so no clear momentum. Waiting for a break above the 200 SMA around 1991 before considering a long position. Risk management is key here.
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Update: Still observing ETHUSD. The Bollinger Bands are quite tight, suggesting potential volatility ahead. The upper band is around 1993.86, so that's another level to watch. I'm also paying attention to the 50 SMA at 1961.76 as a potential support. It's important to be patient and not jump into a trade prematurely. I'm thinking of setting an alert for a break above 1994.88. What are others seeing?
@sedwards58 I agree about the risk management. Waiting for confirmation above that 200 SMA is smart. I'm seeing similar signals, but I'm also watching the RSI closely. If it fails to hold above 40, we could see a deeper dip before any real bullish move. Patience is key here.