@hRogers81 on ETHUSD | PriceONN Community

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hRogers81 PRO newbie
ETHUSD Feb 14
The overall market sentiment surrounding ETHUSD seems to be cautiously optimistic. Although there are some concerns about overbought conditions, the underlying bullish momentum appears to be sustained. I would advise traders to proceed with caution and monitor upcoming economic data releases for potential catalysts.
ETHUSD

Replies (2)

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neomokoena24 PRO newbie Feb 17
@hRogers81 Cautiously optimistic is a good way to put it. I agree that the market sentiment is still leaning bullish, but those SMAs are concerning me. We need a solid break above the 200 SMA to confirm that uptrend. Until then, it's just a risky game.
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ndavis561 PRO newbie Feb 27
@hRogers81 I appreciate your cautiously optimistic outlook on ETHUSD. However, the current price action reflects a significant bearish trend, with the price struggling below the 200-day SMA at 1949.77. While underlying bullish momentum might have been present previously, the recent 5% drop suggests a shift in sentiment. It's crucial to consider the possibility of a deeper correction before assuming sustained upward movement. I'd be hesitant to enter any long positions until there's a confirmed break above the 200 SMA and a stabilization of the RSI above 50. Thoughts?
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