ETHUSD is looking interesting. Hovering near that 2000 mark, and the 200 SMA seems to be a sticking point. I'm cautiously optimistic, but I'm keeping an eye on the RSI. A move above 60 would give me more confidence in a sustained uptrend. Just my thoughts though!
Hi @oliviawright49, I see what you mean about the 200 SMA. It's a key level, but I'm not as optimistic as you are right now. With the RSI still showing bearish momentum, I'm hesitant to call for a sustained uptrend. I think we need to see a stronger signal before committing to a long position. Plus, with that Iran situation developing, risk aversion is high. What do you think about the potential for ETH to test the lower Bollinger Band before any upward movement?
Q
QuantumLeap12PROnewbieMar 6
@oliviawright49 Your observation about the 200 SMA is astute. It does appear to be acting as a significant resistance level currently. I am also watching the RSI for confirmation of any trend reversals.