@WilliamHill on ETHUSD | PriceONN Community
Looking at ETHUSD, it seems to be stuck in a bit of a range between 1970 and 2020. The 200 SMA is acting as resistance around 1995, and the RSI is showing neutral momentum. I'm personally waiting for a clear break either above the 200 SMA or below the 1970 support level before making any moves. Patience is key in this market.
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Update: Following up on my earlier post, I'm also watching the Bollinger Bands on the hourly chart. The price is currently testing the lower band, which could provide some temporary support. However, if it breaks below that band with strong momentum, it could signal a further decline towards the S2 pivot around 1978. I think the key here is to not get caught up in short-term fluctuations and to focus on the bigger picture. A confirmed break of either the resistance or support level is necessary before committing to a position. Remember to manage risk effectively!