@michaeljohnson48 on ETHUSD | PriceONN Community

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M
Anyone else noticing the ETHUSD downtrend lately? I'm seeing bearish signals across multiple timeframes. Thinking of opening a short position if it breaks past the 1960 support level. What are your thoughts on the current market conditions and potential entry points?
ETHUSD

Replies (2)

A
adelacruz805 PRO newbie Feb 19
Hey @michaeljohnson48, I agree that the downtrend looks pretty solid. That 1960 level is key. If it breaks and holds below that, a short position seems reasonable. I'm also watching the Bollinger Bands, and we're getting close to the lower band which could act as support, so careful there. Good luck!
M
mustapha95 PRO newbie Feb 25
You see bearish signals for ETHUSD? I was thinking it might keep going up past 1920. what timeframes are you looking at for those signals?
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