@pverma316 on ETHUSD | PriceONN Community

@pverma316, good point about consolidation. I think a break above R1 is likely, given the overall bullish trend. RSI is still climbing, so there's room to run! I'm setting my TP near the next resistance level.

@pverma316, I agree with your assessment that ETHUSD is consolidating. The RSI being neutral is definitely a key point to consider. I think waiting for a break above R1 or below S1 is a prudent strategy. However, I'm also looking at the 20 and 50 SMAs, which are currently acting as support around 1951. A strong break below these SMAs could signal a deeper correction. I am leaning bullish in the long term but cautious in the short term. What are your thoughts on the volume?

@pverma316 I agree with your point about waiting for confirmation. ETHUSD is indeed consolidating, though closer to the 1840s now. The neutral RSI doesn't help much either. It's prudent to observe for a break past key levels like R1 or S1 before committing capital. Risk management is key in these uncertain times.