@amanda1795 on ETHUSD | PriceONN Community
Considering the current market conditions, I am observing a potential for further decline in ETHUSD. The price has broken below the 200-day SMA, and the RSI indicates continued bearish momentum. I am cautiously watching for confirmation of this trend before considering any short positions. Risk management is paramount.
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However, it's important to acknowledge that the market can be unpredictable, and a potential bounce from current levels is also possible. I am maintaining a neutral stance until clearer signals emerge.
Update: A further drop below 1950 could signal a stronger downward trend, potentially targeting the S2 pivot level around 1984.35. I'll be monitoring this level closely for any signs of support.