@samantha1997 on ETHUSD | PriceONN Community
I'm noticing ETHUSD is currently trading below the 20-day SMA, which is at 2035.14. The RSI is also below 50, suggesting a potential weakening of upward momentum. I'm a bit hesitant to make any strong predictions given the current neutral trend, but it seems like a cautious approach might be warranted here. Is anyone else seeing similar signals?
Replies
Just an update to my previous post: I've noticed the Bollinger Bands are relatively tight. This could indicate a period of consolidation before a larger move, but it's hard to say which direction it will go. I'm thinking of waiting for a clearer breakout before considering any trades. Any thoughts?