@BlueTrail7 on ETHUSD | PriceONN Community

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BlueTrail7 PRO newbie
ETHUSD Mar 2
I've noticed ETHUSD is currently testing the 20-period SMA around 1967.12. If it fails to hold above this level, we could see a further decline towards the 50-period SMA at 1944.17. The RSI is hovering around 52, indicating a neutral momentum, but a break below the SMA could shift the bias to bearish. I'm monitoring this closely for a potential short entry, but I'm also considering the broader market sentiment given the recent news. I believe it's crucial to balance technical analysis with an awareness of global events.
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