@K_Rao on ETHUSD | PriceONN Community
K
This ETHUSD price action reminds me a bit of early 2023, before the big breakout. We had a period of consolidation around the 200 SMA, similar to what we're seeing now. If it follows that pattern, we could see a significant move up if it breaks convincingly above 2050. However, need to be cautious, as a false breakout could lead to a sharp decline. I'll be watching the volume closely to confirm the strength of any potential move. Also keeping an eye on broader market sentiment, any bad news could change things quickly. Just my 2 cents.