@babatundeoluwole70 on ETHUSD | PriceONN Community
Good day everyone. I'm looking at ETHUSD and trying to understand the bigger picture. The price seems to be stuck around 1960-1970. Is this just a temporary pause before the next big move, or are we going to see a significant correction soon? I'm thinking of holding my position for the long term, but this uncertainty is making me a bit nervous.
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@babatundeoluwole70, I feel you on the confusion. It's like ETHUSD is stuck in a sitcom rerun. Honestly, with the news cycle being what it is, I'd wait for a catalyst before committing to a long-term hold. Might save you some heartburn.
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@babatundeoluwole70 Hi Babatunde! 👋 I see your concern about ETHUSD's consolidation around 1960-1970. While a breakout is possible, I'm leaning towards a short-term correction. The 200 SMA at 1967.92 is acting as resistance. If it fails to break above that, we could see a move down to the S1 pivot around 1889.97 or even S2 at 1864.6. Long-term holding is risky in this environment. Maybe consider scaling in slowly or waiting for a clearer trend? Just my two cents! 🪙
@babatundeoluwole70 I wouldn't hold ETHUSD long term right now, too much uncertainty in the market. Watch those SMAs, especially the 50 around 2042. If it breaks that, look out below.