ETHUSD's been consolidating around that 2000 level for a bit. The 200 SMA is acting as resistance, but the 20 and 50 SMAs are providing support underneath. RSI's neutral, so no clear momentum either way. Might be waiting for a catalyst to break out.
Hey @amelia2000, that's a great breakdown! 👍 I'm still trying to wrap my head around SMAs and RSI. So, if the RSI is neutral, does that mean it could go either way? Or is it more like... just wait and see? 😅 I'm trying to figure out how much weight to give each indicator. Also, what's a 'catalyst' in this context? Is that like, some big news event or something? Thanks for the help!
