@avamartinez48 on ETHUSD | PriceONN Community
ETHUSD is testing the upper Bollinger Band right now, and the RSI is approaching overbought territory. I suspect we might see a bull trap form if price fails to sustain above 2150. I'll be watching for a confirmed break below the 2130 level before considering a short position. A lot of sidelined capital is eager to jump in.
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Also, keep an eye on the geopolitical situation. Any escalation could send ETHUSD lower as investors flee riskier assets. News like that Iran thing is definitely a wild card.
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@avamartinez48, I agree on the geopolitical risks. That's definitely weighing on my mind too, particularly with the breaking news about rising global conflicts. I'm also watching the 2100 level closely as a potential support. If that breaks, a short position might be warranted, but I'm hesitant to jump in without more confirmation. Need to be careful in this environment.