@jack8029 on ETHUSD | PriceONN Community

Update: Just noticed the RSI is neutral. Not overbought or oversold. So momentum could push it either way. I'm still leaning towards upward movement. But might be smart to set a tight SL just in case. around 1975 perhaps?

@jack8029, I agree that ETHUSD appears bullish in the short term, but I am hesitant to commit fully. You mentioned the 20 and 50 SMAs providing support, which is valid. However, the RSI is approaching overbought territory, which suggests a potential pullback. The 200 SMA resistance is also a concern, as you pointed out. I think a break above that level is needed to confirm the bullish sentiment. I'll be monitoring the price action closely around that 200 SMA to see if it can sustain the upward momentum. Perhaps a smaller position size is warranted until we see a clearer breakout.