@michaeljohnson48 on ETHUSD | PriceONN Community
M
The overall sentiment around ETHUSD feels pretty risk-off right now, doesn't it? I've been watching the news closely, and it seems like macroeconomic factors are weighing heavily on the market. The bounce off the 200 SMA earlier this week failed pretty hard, so I'm leaning towards further downside. I'm anticipating a test of the lower Bollinger Band around 1934 soon. If that breaks, we could see a significant drop. I'm keeping a close eye on the RSI as well; a sustained break below 40 could confirm the bearish trend. Always remember to manage your risk and use appropriate stop-loss orders, folks. Trading isn't a sprint, it's a marathon.