@ArjunKapoor6 on ETHUSD | PriceONN Community

@ArjunKapoor6 I hear you on the consolidation. It feels like we're just stuck between the 50 and 200 SMAs on the daily. I'm leaning towards another leg down if we can't decisively break above the 2090s. The recent price action has been so choppy, it's hard to get a clear read. The low volume is definitely concerning for any major moves.

@ArjunKapoor6 I agree, it really feels like we're in limbo right now. It's hard to tell if this is just a pause before a bigger move or if we're heading for another dip. I was hoping to see some strength come in with the New York session, but it's just trading sideways around the 2045 level. The 200 SMA is still quite a ways up, and seeing it hover near the 200 SMA on the daily chart is a bit concerning for a bullish outlook. I'm not convinced this consolidation will lead to a breakout upwards, especially with how the price action has been lately.