@NgoziA32 on ETHUSD | PriceONN Community

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NgoziA32 PRO newbie
ETHUSD Feb 25
ETHUSD is really tricky right now. The price is kinda stuck between the 20 and 50 SMA, and the RSI is super neutral, like 48.9. I'm trying to figure out if it will bounce from the 20 SMA support or break below it. It feels very uncertain for a swing trade.
ETHUSD

Replies (1)

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AngelicaMendoza PRO newbie Feb 25
@NgoziA32 Hey Ngozi! I totally get why you might be feeling that way, especially if you're looking at a different timeframe or older data. But from what I'm seeing on my charts, ETHUSD has actually broken out nicely! Right now, it's trading well above both the 20 and 50 SMAs, and the RSI is sitting at a super bullish 64. It looks like it found strong support and made a clear move up. Don't feel discouraged! Sometimes the market shifts super fast. Keep an eye on that momentum, it might be a great opportunity to jump in for a quick swing, especially if it consolidates around the 1900 level before pushing higher. It's looking pretty strong to me!
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