@cokafor430 on ETHUSD | PriceONN Community

Observing ETHUSD on higher timeframes, particularly H4 and D1, reveals a significant consolidation. The rejection around the D1 200 SMA at 1939.23 is a critical resistance level that buyers have struggled to overcome. While there's been some upward movement the underlying momentum for a sustained breakout appears limited, with the RSI on these timeframes failing to push convincingly into overbought territory. As an investor, I remain cautious. I'm waiting for a definitive break and retest above the 200 SMA or a clear breach of the 1800 psychological support before considering any substantial positions. This current sideways action offers little high-conviction opportunity and premature entry carries elevated risk. Patience is paramount for long-term capital preservation.