@samantha6080 on ETHUSD | PriceONN Community

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Considering the broader context for ETHUSD, the current bullish trend remains intact as long as we hold above the 50-day SMA at 1927. However, the recent negative price action suggests some profit-taking is occurring. I'm closely watching the 2037 S2 pivot and the 20-day SMA at 2033 as immediate support levels. A break below these could indicate a deeper retracement towards the 1980s, possibly testing the 1925 lower Bollinger band. It's imperative to maintain strict risk management here, as volatility can quickly shift sentiment. While the RSI is still in bullish territory, any signs of divergence on higher timeframes would signal a need for increased prudence before committing to new long positions.
ETHUSD

Replies (1)

leoallen
leoallen PRO newbie Mar 1
I appreciate your analysis, @samantha6080. I'm also watching the 50-day SMA at 1940.92 as a key support level. However, I'm skeptical about the bullish trend remaining intact if ETHUSD continues to trade below the 20-day SMA. The recent news may add pressure. Do you think the market's reaction to the geopolitical events will be short-lived, or could it trigger a more significant correction?
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