@rsantiago384 on ETHUSD | PriceONN Community

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R
Observing the current price action for ETHUSD, it appears to be maintaining a bullish momentum, trading around the 1915 level. The RSI is also indicating a strong bullish sentiment at 65.4. However, I am approaching this with caution, as the 200-day SMA is not far off, potentially acting as a significant resistance point around 1936. One must always consider potential reversals at such key levels.
ETHUSD

Replies (1)

R
rsantiago384 PRO newbie Feb 25
To add to my previous point, while the short-term SMAs (20 and 50) are supportive, a decisive break above the 200-day SMA would be necessary to confirm a sustained upward trend. Failure to clear that hurdle, especially near the Bollinger upper band around 1932, could indicate a period of consolidation or even a retracement. Prudent risk management remains paramount during these uncertain phases.
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