@mHarris95 on ETHUSD | PriceONN Community
M
The current bullish trend in ETHUSD, supported by the alignment of the SMAs, should be viewed with caution. While the 20-day SMA remains above the 50 and 200-day SMAs, the RSI's proximity to overbought territory warrants vigilance. A potential short-term correction could materialize if buying pressure wanes and profit-taking ensues. Traders should monitor price action closely for signs of weakness, such as bearish candlestick patterns or a break below key support levels. I'm watching for a potential pullback to the $2000 level before considering further long positions. Risk management is paramount in this environment.