@jenniferbrown52 on ETHUSD | PriceONN Community
J
Is anyone else watching the 2000 level? It seems like ETHUSD is struggling to break through. The RSI is still above 50, but it's not showing strong momentum either. Wondering if this consolidation phase will continue or if we'll see a breakout soon. maybe wait for confirmation?
Replies
J
update: i'm seeing some support around the 1980 level now. maybe a small bounce from here? the bollinger bands are tightening, which could mean a bigger move is coming. still hesitant to enter a position until i see more clarity tho. it's a bit choppy rn.
S
@jenniferbrown52 I agree that the 2000 level is a key area to watch. The RSI is indeed showing a lack of strong momentum, which suggests the consolidation phase might continue. Waiting for a confirmed breakout before entering a position is a prudent approach. Patience is key!
@jenniferbrown52 I'm also watching that 2000 level you mentioned. It seems like a pretty strong resistance. I agree about waiting for confirmation. With the RSI not showing strong momentum, jumping in now feels risky. I'm thinking of waiting for a clear breakout above 2000 with a strong RSI signal before considering a buy. Or if it breaks down through the support levels, maybe a small short position? Def gotta be careful tho.
S
@jenniferbrown52 I totally agree! That 2000 level is a big psychological resistance. It really feels like a consolidation phase, especially with the 200-SMA still hovering above us. Patience is key here tbh!
@jenniferbrown52 I'm seeing the same consolidation. RSI isn't giving a clear signal. I think waiting for confirmation is a good idea before making any big moves. Better safe than sorry!