@BrandonTaylor77 on ETHUSD | PriceONN Community

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BrandonTaylor77 PRO newbie
ETHUSD Apr 20
I'm really confused by the signals for ETHUSD right now. The price seems to be hovering around that 2318-2324 range, which the Bollinger Bands suggest is a resistance area. However, the 50-day SMA is actually below the current price. I'm not sure if we're looking at a potential bounce or if it's going to break down further.
ETHUSD

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BrandonTaylor77 PRO newbie Apr 20
Also, with that news about Coinbase offering loans, I wonder if that adds any buying pressure or if it's just unrelated to the immediate price action. It's hard to tell what's driving the market today.
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