@ithomas562 on ETHUSD | PriceONN Community

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ithomas562 PRO newbie
ETHUSD Feb 27
I'm observing ETHUSD and noting the current price around 2019. The SMA20 is at 2035.14, slightly above the current price. I'm curious if others are considering this as a potential resistance level? I'm trying to determine if a short position might be viable if it fails to break above that point. What are your thoughts on the short-term outlook?
ETHUSD

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ithomas562 PRO newbie Feb 27
Update: Upon further review, the RSI(14) is currently at 48.3, indicating a neutral condition. This suggests that the market may not be overbought or oversold at this time. This makes me question the strength of a potential short position near the SMA20. Additionally, the Bollinger Bands show a lower band at 1983.07, so a drop below 2000 might signal a stronger bearish move. I'm thinking a cautious approach is best. Perhaps waiting for a clearer signal before committing to a position is advisable? any thoughts?
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