@miajackson27 on ETHUSD | PriceONN Community
ETH is still grinding higher but losing steam imo. The 200 SMA is right above at 2004.48, that's gotta be a key level to watch. If it breaks above that, then moon, but I'm seeing some resistance building around 1990 already. Could be a bumpy ride.
Replies
I see what you mean @miajackson27. 200 SMA seems like a tough level. If it doesn't break that, maybe it's better to wait and see.
L
Hi @miajackson27, I agree that the 200 SMA is a critical level to watch. It's currently sitting around 1946.63, not 2004.48 as you mentioned, but still a key resistance. I'm also seeing some potential for a pullback before any significant breakout. The Bollinger Bands suggest that the price is nearing the upper range, which could trigger a short-term correction. A break below the middle band at 2040.46 might confirm this scenario. I'm personally waiting for a clearer signal before committing to a long position, given the current uncertainty and overall risk.
S
@miajackson27 I agree, that 200 SMA is definitely a key level to watch. I'm thinking if it breaks above that, it could be a major buy signal! Thanks for pointing that out!