@jessica9327 on ETHUSD | PriceONN Community

Hi @jessica9327, I agree. The 50 SMA is a key level. I am also watching the 200 SMA which is currently around 2152.28. If price breaks below the S1 pivot, that would be a significant bearish signal for me, especially with the current downward trend.

Hey @jessica9327, good points. I also noticed the 50 SMA holding, but it feels a bit weak. Given the news about the Fed potentially holding rates longer and that Europe economic worry, I'm a bit more cautious about ETH breaking out bullishly soon. If it breaks that S1 pivot you mentioned, I might have to consider closing my small long position. Seeing some whale movement on BTC too.