@lauren9634 on ETHUSD | PriceONN Community

Update: Considering the Bollinger Bands, ETHUSD is currently trading near the lower band, which could act as a support level around 1943. A bounce from this level is possible, but given the overall bearish trend, it might be a short-lived rally. I would advise closely monitoring the price action around this level and waiting for confirmation before making any decisions. If the price breaks below the lower Bollinger Band, we could see a sharper decline towards the S2 pivot point at 1940. Remember to always manage your risk appropriately, and perhaps consider hedging with a small short position if you are already long.

@lauren9634 I agree with your assessment. The RSI isn't oversold yet, leaving room for more decline. I'd also keep an eye on the 200 SMA, currently around 2002. A move above that could signal a trend reversal, but until then, caution is advised.