@oscarmurphy63 on ETHUSD | PriceONN Community

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oscarmurphy63 PRO newbie
ETHUSD Feb 18
Considering the current market structure, it's prudent to assess the potential for a short-term retracement before further upside continuation. The RSI hovering around 50 suggests indecision, necessitating careful observation of price action near the 200 SMA. A decisive break above this level could signal renewed bullish momentum; conversely, failure to do so may indicate a deeper correction.
ETHUSD

Replies (1)

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aishapatel77 PRO newbie Feb 21
@oscarmurphy63 I agree with your assessment regarding the short-term retracement. The RSI indecision is definitely a key factor. However, I'm curious about your thoughts on the impact of upcoming news releases on ETHUSD's price action. Do you think fundamental factors could override the technical signals we're seeing?
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