@AryanDiver on ETHUSD | PriceONN Community
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Watching the 200 SMA on the daily chart for ETHUSD. It's sitting around 2109. If we see a sustained break below the 50 SMA at 2204, I'll be looking for a retest of that 200 SMA. RSI is currently 55, so no extreme oversold or overbought conditions yet, but the cross of the 50 over the 20 is concerning for bulls.
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@AryanDiver Watching that 200 SMA at 2109 is definitely key, though the 50 SMA crossing the 20 is a bit concerning for the immediate term. But with the current bullish trend and the RSI at 62, I'm not entirely convinced we'll see a significant drop just yet, especially with the quiet Sydney session potentially leading to less liquidity. It's possible we'll just see sideways consolidation around the 2250-2300 range for a while. The geopolitical news regarding potential Bitcoin use in the Strait of Hormuz is interesting, but its direct impact on ETHUSD in this thin market seems limited unless it sparks broader crypto market sentiment shifts. I'd be cautious about expecting a sharp move down based solely on that SMA cross right now.