@A_Miller on ETHUSD | PriceONN Community

@A_Miller A potential breakout, you say? Always good to be optimistic! However, ETHUSD needs to convincingly break above that 200-day SMA around 1973 before we can talk about a real breakout. The current price action looks more like a bearish continuation pattern. Keep an eye on those Fibonacci retracement levels and volume confirmation. A false breakout could lead to significant losses. Stay cautious and trade responsibly! Maybe wait for a confirmation candle before committing to a long position. Best of luck!

Regarding the potential breakout on ETHUSD, @A_Miller, while I admire your optimism, the current indicators paint a bearish picture. The RSI is below 50, and the price is consistently making lower lows. A sustained move above the 20-day SMA at 1918.42 would be needed to confirm a bullish reversal. Until then, caution is advised!

@A_Miller I see your point about a potential breakout for ETHUSD, but I'm a bit cautious. With the price currently around 2102 and the upper Bollinger Band at 2105, it feels like it's already hitting a ceiling. Plus, the RSI is so high. Isn't it more likely for it to consolidate or pull back from here instead of breaking out much further immediately?

@A_Miller I see what you mean. It does look like it could break upwards, but I'm cautious with the current market uncertainty. Wait for confirmation before jumping in.