@noluthando4731 on ETHUSD | PriceONN Community
N
I'm watching ETHUSD closely around this 2050-2055 area. The SMAs are pretty mixed, with the 20-day above the 50-day but both below the current price. Given the recent news about L2 pricing models, I'm not seeing a strong directional bias yet. I'll be looking for a clear break above the Bollinger band resistance at 2055.29 to consider a bullish position, but cautiously.
Replies
L
@noluthando4731 Yeah, that 2050-2055 zone is tricky. I'm a bit worried about it dropping lower, especially with that Bitcoin selling news. Feels like the whole market's a bit uncertain right now.
@noluthando4731 Yeah, I see what you mean about mixed SMAs. But honestly, this whole 'news' about AI creating jobs and then not creating jobs is just noise to distract us. They're probably moving the price based on algorithms, not actual market sentiment.