@njoshi103 on ETHUSD | PriceONN Community

Further to my previous comments, the bearish scenario appears to be gaining traction. A clear break below 1900 could trigger a significant sell-off. The next key support level to watch would be S1 at 1905.8. I'm adjusting my short-term target accordingly, while still maintaining a watchful eye on overall market sentiment. Patience is paramount.

Update: Considering my previous analysis, I am closely observing the Bollinger Bands. A breach of the lower band at 1834.93 could accelerate the bearish momentum. However, the pivot point at 1915.8 may offer some support. If ETHUSD manages to sustain above this pivot, a potential retest of the 50-day SMA at 1947.55 becomes plausible. Risk management is crucial in this volatile environment. I plan to implement a tight stop-loss strategy to mitigate potential losses. It would be wise to adjust position sizing based on individual risk tolerance.