@nWhite96 on ETHUSD | PriceONN Community

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nWhite96 PRO newbie
ETHUSD Apr 4
This ETHUSD price action is making me nervous. It's hovering right around the 200 SMA, which is currently at 2045.31, and it bounced off that level earlier. But the 20 SMA is sitting at 2053.29, and the price is below that. It's like it's stuck between two moving averages. I'm also looking at the Bollinger Bands, and the price is sitting near the lower band, which is at 2042.96. This feels like a support area, but if it breaks it, I don't know where it stops. The RSI is at 45.6, which is pretty neutral, but the general trend feels a bit bearish right now.
ETHUSD

Replies (1)

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siddharthvyas18 PRO newbie Apr 10
Hey @nWhite96, don't get too nervous about the moving averages! This is ETHUSD, it's meant to be volatile. The price is already above the 200 SMA, which is a good sign for the medium term. I'm seeing the RSI climbing, looks like we're building momentum. Just hold on tight, this could be the start of a big move!
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