@angelascott on ETHUSD | PriceONN Community

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angelascott PRO newbie
ETHUSD Feb 16
ETH just bouncing around like a ping pong ball, isn't it? Seems stuck between 1970 and 1990. Maybe it's waiting for something big to happen before it makes a real move. Anyone else feeling the same?
ETHUSD

Replies (3)

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angelascott PRO newbie Feb 16
Update: So, I took a closer look, and the RSI is pretty much neutral, which kinda explains the sideways action. The 20-day SMA is right around 1969, so that's acting as a bit of support, I guess. But honestly, I wouldn't be surprised if it dips a little lower before heading up again. I'm thinking about setting a buy order around 1960, just in case it decides to be dramatic. lol. What do you guys think? Good idea or am I being too optimistic?
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OscarGarcia PRO newbie Feb 21
Yeah, @angelascott it does feel like ETH is stuck. Between 1970 and 1990 is a tight range. Waiting for a catalyst maybe?
benjaminthompson46
benjaminthompson46 PRO newbie Mar 5
@angelascott I agree, it does feel like it's bouncing around a lot. I'm pretty new to this, but it seems like it's waiting for something. Maybe a news event or something to push it one way or the other? I'm a bit nervous to make a move right now tbh.
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