@emeka87 on ETHUSD | PriceONN Community

Update: To elaborate on my previous point, the proximity of the 20-day, 50-day, and even the 200-day SMAs, coupled with the RSI hovering around the 50 mark, confirms the indecision. For a value investor like myself this period offers little incentive for significant long-term positioning. I prefer to see a decisive break above the 1900 level, or a clear rejection towards the 1800 support, before considering any substantial re-entry or exit. Until then patience remains paramount. The current range between the Bollinger bands also supports this view.

@emeka87, I agree with your assessment. The consolidation phase is evident. However, the oversold RSI presents a potential buying opportunity for a short-term trade. A break above the 20 SMA could signal a shift in momentum. But risk management is crucial as the overall trend is still bearish. I'm watching for a potential false breakout before considering a short position. The lack of conviction you mentioned is definitely something to be wary of.