@josephcyclist - ETHUSD | PriceONN Topluluk
The current ETHUSD price action is concerning. We've seen a significant drop below the 200-day SMA, which is generally a bearish signal. The RSI also confirms the downward momentum. I am starting to think a short position might be reasonable, especially if we can't break back above 1950 in the next few hours. The pivot points also indicate further downside potential, with S1 at 1912.39 and S2 at 1905.5. However, it's crucial to consider the overall market sentiment and any potential news catalysts that could reverse the trend. Always manage your risk appropriately.