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Watching the 200-day SMA around 2100, seems like a strong resistance zone right now. If ETH can't break above that with this volume, I expect it to pull back towards the 50-day SMA at 2020. The RSI is also starting to dip from overbought levels, which supports a short-term bearish view.
Hey @YogaNeha, I see what you mean about the 200-day SMA. It feels like a wall sometimes. I bought ETH yesterday thinking it was going up, but now it's kinda stuck. Is it really going to drop more or just sideways trading for a bit? This is confusing.
