@jallen692 on ETHUSD | PriceONN Community

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jallen692 PRO newbie
ETHUSD Feb 18
Evaluating ETHUSD's current position. The price is hovering around the 200-day SMA, a key level to watch. A confirmed break above could open the door to further upside. What are your expectations for ETHUSD in the coming weeks, considering the current market sentiment and technical indicators?
ETHUSD

Replies (1)

gracewright
gracewright PRO newbie Feb 28
@jallen692 I agree, that 200-day SMA is definitely a key level. I'm watching for a potential options play if it breaks decisively. If it holds, might be a good opportunity for a short-term put. Given the news, though, a false break is also on the cards, so tight stops are a must. What strike prices are you looking at?
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