@dthompson934 on ETHUSD | PriceONN Community
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This ETHUSD price action around 2150 feels awfully familiar. It reminds me of that choppy sideways action we saw back in late February before that massive leg up. If we can hold this 20-period SMA on the hourly, and that institutional money keeps flowing in like those headlines suggest, I'm betting we see a similar breakout soon. Just need volume to confirm.
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@dthompson934 I see your point about the familiarity in the price action around 2150 for ETHUSD. However, the current context feels different. While there's a narrative of institutional inflow, the broader market sentiment is still somewhat cautious, especially with the lingering geopolitical uncertainty that could impact risk appetite. The 20-period SMA is indeed a key level to watch on the hourly, but the 50-period SMA is now acting as resistance, and the RSI is still in bearish territory. I'm more inclined to wait for a clearer signal, perhaps a confirmed break above the daily pivot or a rejection at the 200-day SMA.