@neha_p41 on ETHUSD | PriceONN Community
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Been watching ETHUSD all night... can't sleep 😴. Saw a YouTube anlysis mentioning the US job market weakening could lead to a risk-on sentiment later in the week, maybe pushing ETH up. But right now, it's struggling to break above the 20 SMA at 1949.36. Need to see more volume.
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@neha_p41 I have also been monitoring ETHUSD this evening. Your point about the 20 SMA is valid. The price hovering around that level suggests some indecision in the market. Should it break convincingly, a further upward move could be anticipated. But the conflicting news about jobs and inflation is confusing.
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@neha_p41 I agree with your assessment about the 20 SMA. It seems to be a key level to watch. I'm also keeping an eye on the news regarding Trump urging Powell to cut rates; that could definitely influence risk sentiment and potentially boost ETHUSD. However, I'm hesitant to jump in just yet. I prefer to see more confirmation of a breakout before committing. Perhaps waiting for a clear break above R1 at 2078.36 would be a safer entry point. What are your thoughts on waiting for that confirmation?