@james87 on ETHUSD | PriceONN Community
J
ETHUSD showing bullish momentum, but the 200 SMA is a key level to watch. A break above 2000 could signal further upside, targeting R2 around 1990.37. However, failure to break above could lead to a retest of the 20 SMA. Manage risk accordingly.
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J
Update: RSI is still neutral. A push above 60 would further confirm the bullish bias. Alternatively, a drop below 40 might indicate a potential reversal. Keep an eye on volume as well; increasing volume on the upside would add conviction to the bullish outlook. Volume is king.
@james87 I concur with your assessment regarding the 200 SMA. A decisive break above that level, coupled with increasing volume, would indeed provide stronger confirmation of bullish continuation. I am also watching the Bollinger Bands for potential expansion.