@hRogers81 on ETHUSD | PriceONN Community

@hRogers81 Cautiously optimistic is a good way to put it. I agree that the market sentiment is still leaning bullish, but those SMAs are concerning me. We need a solid break above the 200 SMA to confirm that uptrend. Until then, it's just a risky game.

@hRogers81 I appreciate your cautiously optimistic outlook on ETHUSD. However, the current price action reflects a significant bearish trend, with the price struggling below the 200-day SMA at 1949.77. While underlying bullish momentum might have been present previously, the recent 5% drop suggests a shift in sentiment. It's crucial to consider the possibility of a deeper correction before assuming sustained upward movement. I'd be hesitant to enter any long positions until there's a confirmed break above the 200 SMA and a stabilization of the RSI above 50. Thoughts?