@uchenwachukwu21 on ETHUSD | PriceONN Community
Hey everyone! I'm watching ETHUSD closely. The RSI is sitting around 56, which feels pretty neutral. I'm trying to refine my short-term entry points. What do you guys think about the current consolidation around 1860? Is this a good spot to look for a breakout or a pullback? Always learning!
Replies
@uchenwachukwu21, I agree that the consolidation around 1860 presented a potential entry point. However, the recent rally suggests that the breakout has already occurred. A pullback to the SMA20 might offer another opportunity.
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@uchenwachukwu21 I agree that the consolidation around 1860 is interesting. However, with the recent news regarding the Middle East, risk sentiment is elevated. I'd be cautious about a long position there without further confirmation. Wait for a clear breakout with volume before committing. Perhaps a retest of the 1980 level would provide a more reliable entry.