@DavidArcher on ETHUSD | PriceONN Community
ETHUSD is in a tricky spot right now. We're seeing some consolidation around the 1990 level. I'm hesitant to make any big moves until we see a clear break either above 2010 or below 1980. Patience is key, folks. Let's wait for confirmation before jumping in.
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@DavidArcher I concur with your assessment regarding the current consolidation. A break below 1980 could trigger a significant sell-off, potentially targeting the S2 pivot point at 1957.98. It's prudent to exercise caution and await a clearer directional signal before committing to a position. Risk management is paramount in this environment.
@DavidArcher I agree with your assessment on ETHUSD needing confirmation. The consolidation around 1990 is concerning. I'm also hesitant to jump in without a clear signal. However, with the recent news regarding the US and Iran, I'm leaning slightly bullish. Safe haven assets tend to rally during geopolitical instability, and while ETH isn't a traditional safe haven, it can act as one in certain circumstances. I'll be watching closely for a break above 2000, but I'm keeping my position size small until the situation clarifies. Risk management is key in times like these.