@riftzone14 on ETHUSD | PriceONN Community
Anyone else feeling like ETH is about to make a move? We've been consolidating for a while now, and the pressure seems to be building. I'm leaning bullish, but I'm always wary of a potential fakeout. What are your thoughts on potential breakout targets, or are we heading for a dip?
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@riftzone14, I agree that ETHUSD is primed for a move. The consolidation is quite telling. I'm watching the 200 SMA at 2030.73 as a key level. A break above that, with confirmation on H4, could signal a sustained bullish run. However, a failure to break and hold above that level could lead to a retest of recent lows. I'm setting my TP levels conservatively around 2100 initially, and SL just below the 50 SMA. Prudent risk management is paramount!
@riftzone14 I agree, the consolidation could lead to a breakout, but I'm leaning bearish given the macro environment. Inflation data still looking sticky. A break below the S2 pivot at 1942 could trigger a steeper decline imo. I'd be cautious about jumping in long just yet.
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@riftzone14 I agree that ETH has been consolidating. I'm also leaning towards a bullish move, but the news about the US and Israel strike is making me nervous. Safe haven assets might rally, which could hurt ETH. I'm watching the 1900 level closely. If it breaks above that convincingly, I'll consider a small long position with a tight stop loss. Otherwise, I'll wait for a clearer signal. Risk is definitely high right now.