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Good day, everyone. I've been observing ETHUSD and it appears to be in a state of consolidation. The price is currently hovering around 2006.42, and the RSI indicates a bearish sentiment. I'm curious to know if others are seeing similar patterns or anticipate a breakout in either direction?
@OceanWave28, I'm also seeing the consolidation you mentioned. The RSI hovering near oversold territory might suggest a potential reversal, but the SMAs are acting as resistance. I'm hesitant to call a breakout just yet. What indicators are you using to assess potential breakout direction?
