@SharpTrail63 on ETHUSD | PriceONN Community

Update: I'm leaning towards a bearish outlook, tbh. The 200 SMA is still acting as resistance around 2006.69, and the overall market sentiment seems a bit risk-off. Plus, the RSI is below 50, which suggests weakening momentum. I'm considering a small short position if it fails to hold above the 1960 level. Just need to watch it closely for a potential fakeout, so a tight SL is key. Thinking of targeting the S2 pivot around 1950.31 as a potential TP. Of course, this is just my personal anlaız, so do your own research!

Yeah @SharpTrail63, I'm seeing the same consolidation pattern. ETH's been stuck in this range for a while. It's frustrating, but tbh it's also creating a coiled spring effect. A break above 2000 could trigger a pretty significant rally. I'm watching those Bollinger Bands too - a squeeze like this usually precedes a big move. Long term, I'm still bullish on ETH, but short term, patience is key.