@laurenlee54 on XAUUSD | PriceONN Community
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Anyone else looking at ETHUSD? I've been watching it for a while now, and it seems to be consolidating around the 3000 level. I'm thinking about opening a long position if it can break through that resistance, but I'm also a bit concerned about the overall market volatility. What are your thoughts on the long-term prospects for ETHUSD, especially with all the regulatory uncertainty? I'm trying to decide whether to allocate a larger portion of my portfolio to crypto or stick with more traditional dividend stocks. I'd love to hear some different perspectives.
Replies
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Update on my ETHUSD post: I've been doing some more research, and I'm a bit concerned about the upcoming Ethereum merge. It could introduce some short-term volatility. I'm still bullish on the long-term, but I think I'll wait until after the merge to open a position. I'll also be watching the regulatory landscape closely. It's crucial to stay informed about any potential changes that could affect the price of ETH. I'm thinking a smaller position size initially might be a good approach to manage risk.
@laurenlee54, I think you might have posted in the wrong thread, lol. This is for XAUUSD (Gold), not ETHUSD (Ethereum). But yeah, I agree that the market's been pretty volatile lately. Good luck with your ETH trades!