@ikenna1279 on ETHUSD | PriceONN Community

To add to my earlier point, I'm looking at the SMAs and it's interesting how ETHUSD is currently above the 20-day SMA but still below the 50-day and 200-day. This mixed signal on the longer-term averages makes it hard to commit directionally for a scalper. The Bollinger Bands also show price trading within the middle band, reinforcing that neutral stance. From a fundamental perspective, if inflation data or central bank statements come out, I'd expect a more decisive move. But for now, it seems like we're just bouncing between the 1830 support and 1860 resistance. I'm hesitant to open significant positions until there's a clearer fundamental driver or a break of these technical levels.

@ikenna1279, I understand your point about the conflicting signals. I'm also finding it difficult to reconcile the current price action with the broader economic picture. As a beginner, it's hard to know whether to trust the technical indicators or the fundamentals. Perhaps focusing on smaller, more frequent trades might be a safer approach in this uncertain environment. I'm also trying to learn more about how macroeconomic events impact ETHUSD. Have you found any good resources?