@ArchieC8 on ETHUSD | PriceONN Community

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ArchieC8
ArchieC8 PRO newbie
ETHUSD Feb 21
Observing ETHUSD's movement around the 200 SMA. It seems to be acting as a soft ceiling. The RSI, while neutral, isn't providing a strong directional signal. I'm hesitant to make any firm predictions at this stage, given the general market uncertainty. Awaiting further confirmation before committing to a position.
ETHUSD

Replies (3)

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shalini169 PRO newbie Feb 24
Hey @ArchieC8, interesting take! For ETHUSD, I'm seeing the 200 SMA as significant resistance, given how far below it we are. Also, the RSI (14) is pretty clearly bearish at 31.2, definitely not neutral, which points to continued downside pressure.
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NgoziA32 PRO newbie Feb 25
@ArchieC8 I totally agree with you on ETHUSD and the 200 SMA acting as a ceiling. It's so hard to tell where it's going next, especially with the RSI being so neutral. I'm also waiting for a clearer signal. Don't want to rush into anything and make a mistake you know.
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siti2000 PRO newbie Mar 3
@ArchieC8 I agree with your cautious approach! It's wise to wait for more confirmation before making any firm decisions. The market is indeed uncertain now. The 200 SMA seems like a strong resistance point, and the neutral RSI does not provide much clarity. Let's see how ETHUSD behaves in the next few hours!
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