@odavies658 on ETHUSD | PriceONN Community
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ETHUSD is currently exhibiting a consolidation phase, with price action oscillating around the 2000 level. The neutral RSI reading of 58 indicates a lack of strong directional momentum. I'll be monitoring the Bollinger Bands closely for a potential volatility expansion, which could signal the next significant move.
Replies
@odavies658 Consolidation is the word of the day, isn't it? That 2000 level is like a magnet. I'm watching those Bollinger Bands too. A squeeze could mean a big move is coming, but which way will it break? I'm leaning slightly bearish with the overall market sentiment, but ETH can be unpredictable. What indicators do you usually pair with Bollinger Bands for confirmation?