@music997 on ETHUSD | PriceONN Community
Analyzing ETHUSD on the daily timeframe, the price remains above the 200 SMA, indicating a long-term bullish trend. However, the recent sideways movement and RSI hovering around 50 suggest a loss of momentum. A decisive break above R1 at 2027.26, confirmed by increased volume, could validate further upward movement. Conversely, a drop below S1 at 2005.45 might signal a potential test of the lower support levels. I'll be monitoring the price action closely for confirmation before making any trading decisions. It's also important to consider broader market sentiment and potential news catalysts influencing ETHUSD's direction.