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ETHUSD is oversold according to the RSI, but the overall trend still looks bearish. I'm personally waiting for more confirmation before considering a long position. The 200-day SMA is acting as resistance, and until that's broken, I'm staying cautious. Just my two cents, not financial advice!
@escott148 I agree with your caution regarding the 200-day SMA. It's a key level to watch, but the recent news regarding the US and Israel could inject significant volatility. I'm wondering if a risk-off sentiment will drive further buying in ETH as a perceived safe haven, potentially invalidating some of the technical indicators. What's your take on the geopolitical impact?
