@KeenTrail2 on ETHUSD | PriceONN Community

The current price action on ETHUSD presents an interesting case study in market dynamics. While the overall trend appears bearish, the RSI hovering around 44 suggests a period of consolidation rather than a clear directional bias. I'm watching the interplay between the 20 and 50 SMAs closely. A decisive break above the 20 SMA at 1961.96 could signal a short-term bullish reversal, potentially targeting the pivot point at 1970.91. However, failure to break this resistance could lead to a retest of the recent lows. My strategy involves monitoring volume confirmation on any potential breakout or breakdown, aligning with a conservative approach to risk management. I am looking at entering a short position if we see a clear rejection at the 20 SMA with increasing volume.