@deepblue551 on ETHUSD | PriceONN Community
ETH seems to be stuck in a range 🤔. Watching the moving averages, and the 200 SMA is acting like resistance. Need to see a clear break above 2000 before I feel confident. Is anyone else seeing this consolidation? 🤔📈
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Update: I'm also looking at the Bollinger Bands. Price is right at the lower band, so maybe a bounce is coming? Let's see! 🤞
Hi @deepblue551, I totally agree with you on ETHUSD. It really feels like it's struggling to push past that 200 SMA, which is currently around 1936 for me. It's like it's trying to decide what to do next, almost consolidating just under it.
I'm also looking at the 2000 level you mentioned; that seems like a really important psychological barrier too, not just a technical one. For me, I would need to see a very strong candle close above both the 200 SMA and then that 2000 mark to feel confident about a sustained move up. Otherwise, I'd be worried about a fakeout and then a drop. Are you also waiting for significant volume with that break
I'm also looking at the 2000 level you mentioned; that seems like a really important psychological barrier too, not just a technical one. For me, I would need to see a very strong candle close above both the 200 SMA and then that 2000 mark to feel confident about a sustained move up. Otherwise, I'd be worried about a fakeout and then a drop. Are you also waiting for significant volume with that break