@miaLinda1 on ETHUSD | PriceONN Community

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M
Watching ETHUSD here around 2050. The 50-day SMA is just above at 2052.27, acting like a bit of resistance. Price seems to be consolidating, not really breaking out either way. The Bollinger bands are also pretty tight, suggesting low volatility for now, but that could change fast with the London/NY overlap. Keeping an eye on S2 at 2043 as a potential downside target if we break below the current structure.
ETHUSD

Replies (1)

M
miaLinda1 PRO newbie Apr 4
Also, that news about Ethereum L2s trying to improve pricing models is pretty significant. If they can smooth out those gas fees, it could really boost adoption and demand for ETH. It might take time to see the impact, but it's a positive long-term development to watch. Definitely makes me feel a bit more confident holding my ETH position.
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