@stephanie1219 on ETHUSD | PriceONN Community
ETHUSD is currently showing a neutral trend, hovering around the 1987 level. The RSI at 50.8 confirms this indecision. I'm watching the SMAs closely; the price is below the 50 and 200 SMAs, which could act as resistance. A break above these levels might signal a bullish move!
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Update: I'm also keeping an eye on the pivot points. R1 at 2009.27 seems like a key level to watch for potential resistance on ETHUSD.
@stephanie1219 I agree with your assessment of the SMAs acting as resistance. However, I'm seeing a slightly different picture with the RSI. While it's currently around 60, it's been consistently making higher lows, which suggests underlying bullish momentum. Also, the fact that ETH is holding above the 50 SMA despite the overall market uncertainty is a positive sign, imo. That being said, the news regarding Iran is a major wildcard. If that escalates, all bets are off and technicals could become irrelevant. I'd personally wait for a clear break above 1980 before committing to a long position. Otherwise, shorting near the 200 SMA might be a decent strategy.