@mphillips243 on ETHUSD | PriceONN Community
Observing ETHUSD this New York session, it appears to be consolidating around the 2320-2330 range. The 20-period SMA is currently acting as resistance at approximately 2329.38. However, the 50-period SMA at 2265.52 still provides a significant buffer below. I'm watching for a potential break of the Bollinger band's upper limit, which could indicate increased momentum, but the RSI at 56.2 suggests we're not yet in overbought territory. A sustained move above 2350 would be more convincing for a bullish continuation.
Replies
Hey @mphillips243, you're watching consolidation, I'm seeing a clear breakdown! That 20 SMA resistance is toast. RSI is screaming oversold, but that just means there's more room to fall before any real bounce. I'm already short and adding at every little pop. This 2070 level is weak sauce.