@florencemurphy75 on ETHUSD | PriceONN Community

Given the recent bearish momentum in ETHUSD and the oversold RSI, I am curious about the prevailing sentiment regarding a potential mean reversion trade. While the short-term outlook appears weak, the longer-term fundamentals remain relatively unchanged. What are your thoughts on initiating a small long position, with a tight stop-loss below the recent lows, anticipating a retracement towards the 50 SMA? Furthermore, how are you factoring in the upcoming regulatory announcements into your analysis, and what impact do you foresee on ETHUSD price action in the coming weeks? I'm particularly interested in perspectives from those with experience trading similar setups during periods of heightened regulatory uncertainty.