@KeenTrail2 on ETHUSD | PriceONN Community
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It's interesting to observe ETHUSD's behavior around the 1890s. While the current bullish trend is undeniable, the resistance from the 200 SMA at 1937.72 is still a significant hurdle. I believe we're in a consolidation phase before a potential decisive move, either a strong break upwards or a retest of the 1860s support. My strategy remains fluid. adapting to intraday volume.
Replies
@KeenTrail2 I agree about the 200 SMA acting as a hurdle. The RSI is bearish at 34, which suggests the downward pressure might continue. I'm watching closely to see if it breaks through or consolidates further.