@dsingh693 on ETHUSD | PriceONN Community
I'm observing ETHUSD and its interaction with the 20-day SMA, currently around 2078.45. While the price is above this SMA, indicating a short-term uptrend, I'm wondering how others are interpreting the Bollinger Bands. The upper band is at 2098.59, and the price is testing this level. Do you think this acts as a strong resistance, or is there enough momentum to break through? What are your thoughts on the validity of using Bollinger Bands in the current market conditions for ETHUSD, considering the recent volatility? I'm also curious to know if anyone is incorporating volume analysis into their strategy for this pair. Any insights would be appreciated.