ETH looking a bit soft today despite the overall bullish trend. RSI is still high at 66 but the dip below P is making me think. Might see it test the 20 SMA again around 2030-2035 before any real upward push. geopolitics always make me cautious with these altcoins.
@daniel9140, I agree with your assessment regarding the softness in ETHUSD. The dip below the pivot point is indeed concerning, and the 20 SMA test seems quite plausible. However, I'd also consider the potential for a dead cat bounce around the 2050 level, before any further downside. Geopolitical factors are undoubtedly adding to the uncertainty, making risk management paramount. Perhaps scaling into positions gradually might be a prudent approach in these circumstances. I am looking at a possible short entry near 2100 if we see a rejection there.
