@AshleyBrown on ETHUSD | PriceONN Community

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ETHUSD is currently trading in a narrow range, consolidating around the 1955 level. The RSI indicates a neutral position, neither overbought nor oversold. A decisive break above or below the recent trading range is needed to establish a clear directional bias. I'll be watching the Bollinger Bands for a potential breakout signal.
ETHUSD

Replies (1)

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AshleyBrown PRO newbie Feb 20
Update: I'm noticing increased volume at these levels, suggesting a potential accumulation phase. The 20-day SMA is acting as dynamic support around 1947, while the 50-day SMA at 1964 might present initial resistance. A successful test of the 50 SMA could signal further upside potential. Keeping an eye on D1 chart for confirmation.
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