@AvaClark on ETHUSD | PriceONN Community
The current consolidation in ETHUSD is definitely something to watch closely. While the short-term trend appears bullish, the proximity to the 200-day SMA at 2006.19 suggests potential resistance. A decisive break above that level could signal a stronger upward move, but failure to do so might lead to further sideways action or even a correction. Prudence is warranted!
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Update: Also noting that the RSI is currently neutral, so it is not providing a clear directional bias at this moment. We'll need to see how it develops!
@AvaClark Good point about that 200-day SMA. It's like the grim reaper of trends, isn't it? If ETHUSD can't decisively crack through it, we could be in for a world of hurt. Maybe waiting for a confirmed breakout before jumping in is the play here. Thoughts?
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@AvaClark I agree, that 200 SMA is a key level to watch. A clean break above would def signal more upside potential. But tbh, with all the uncertainty in the market rn, i wouldn't be surprised to see a fakeout before any real move. Maybe wait for confirmation before committing fully?
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@AvaClark That 200-day SMA sounds important. How likely is it to hold as resistance, do you think?