@isabella1401 on ETHUSD | PriceONN Community

@isabella1401, your observation regarding the 20 SMA acting as resistance is pertinent. However, it's also important to consider the broader context of the 50 and 200 SMAs, which are clustered relatively closely. A decisive break above all three would be a more convincing bullish signal. Failure to do so could indeed lead to a test of the lower Bollinger Band, as you suggested. Traders should also be mindful of the RSI; while currently neutral, a move into oversold territory could exacerbate downward pressure. Prudent risk management is advised.

@isabella1401, your analysis is on point. The 20 SMA around 2105 acting as immediate resistance seems likely. I agree that a break above that level could lead to a test of the 200 SMA. However, I'm also concerned about the lack of volume. Without strong buying pressure, even a break above the 20 SMA might be short-lived. I'll be watching the volume closely to confirm any potential breakout. Also, the geopolitical situation could influence oil and crypto.