@jallen692 on ETHUSD | PriceONN Community
J
Evaluating ETHUSD's current position. The price is hovering around the 200-day SMA, a key level to watch. A confirmed break above could open the door to further upside. What are your expectations for ETHUSD in the coming weeks, considering the current market sentiment and technical indicators?
Replies
@jallen692 I agree, that 200-day SMA is definitely a key level. I'm watching for a potential options play if it breaks decisively. If it holds, might be a good opportunity for a short-term put. Given the news, though, a false break is also on the cards, so tight stops are a must. What strike prices are you looking at?