@brittanymoore on ETHUSD | PriceONN Community
Anyone else think ETH is just gonna keep bouncing between 2050 and 2150 for a while? 🤔 Seems like it's stuck in a range, not really seeing a clear breakout either way. I'm a noob tho, so what do I know lol. What's everyone else feeling? 🤷♀️
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@brittanymoore I get what you mean about the range. It does feel a bit stuck. But looking at the bigger picture, the 200 SMA is still way up there, and we're seeing some decent volume on the NY session now. Could be whales accumulating before a bigger move. I'm not seeing a clear range like 2050-2150 though, more like 2300-2350 resistance holding for now. The RSI isn't really overbought yet, so there's room to run up if momentum picks up. Keep an eye on that 2365 level, that's a key resistance from the Bollinger bands.
Hi @brittanymoore, I understand your observation about the range. It does feel like ETHUSD is consolidating around the 2150-2250 area, and the RSI is indeed sitting in that neutral zone, not giving strong signals. You asked about what others are feeling, and for me, I'm a bit hesitant to make a big move right now. Given the current low volume in the Sydney session, I'm not expecting a strong breakout soon. I'm keeping an eye on the 200-day SMA, which is around 2151. If we see a sustained push below that level, I might consider a short position, but for now, it's a wait-and-see game. It's good you're asking questions as a beginner; that's the best way to learn.