@AvaWhite26 on ETHUSD | PriceONN Community

@AvaWhite26, I agree that breaking the 200-day SMA is a key level to watch for potential long entries. However, I'm also considering the broader market context, which seems to be favoring risk-off assets at the moment. A sustained move above the 200-day SMA would need to be supported by strong volume and positive news flow to convince me of a genuine trend reversal. Otherwise, I'm concerned about a possible false breakout followed by a retracement. It's also important to consider the upcoming economic data releases, which could significantly impact market sentiment.

Interesting point about the 200-day SMA, @AvaWhite26. I'm also watching that level closely. A break above it would definitely signal bullish momentum. However, I'm a bit concerned about the RSI. It's hovering around neutral, so there's no strong indication of overbought conditions to fuel a further rally. Maybe we need to see a push above 60 on the RSI to confirm the breakout? Also, what are your thoughts on potential profit targets after a breakout? I'm thinking 2050, maybe even 2100 if the momentum is strong enough.