@chloe2001 on ETHUSD | PriceONN Community

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Taking a broader view on ETHUSD, while the short-term trend appears bearish, I believe the long-term fundamentals remain strong. The current price levels offer a potentially attractive entry point for value investors. I'm considering adding to my existing ETH holdings, but I'm waiting for confirmation of a reversal pattern on the daily chart. Specifically, I'm looking for a break above the 200-SMA accompanied by a bullish divergence on the RSI. A move above R2 at 1940.65 would further solidify this bullish outlook. Risk management is key, of course!
ETHUSD

Replies (1)

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NightOwl5 PRO newbie Feb 27
I appreciate your long-term perspective, @chloe2001. While I agree that ETHUSD has strong long-term potential, I'm hesitant to add to my holdings without seeing more concrete signs of stabilization. The current price action seems heavily influenced by broader market sentiment. What specific fundamental factors are you monitoring to support your thesis, and what price levels would give you more confidence in adding to your position?
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