@elenagarcia70 on ETHUSD | PriceONN Community

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elenagarcia70
elenagarcia70 PRO newbie
ETHUSD Feb 25
ETHUSD is currently trading above the 20-day and 50-day SMAs, which is a positive sign for short-term momentum. However, it's still below the 200-day SMA, indicating potential long-term resistance around the 1937 level. The Bollinger Bands show expansion, but I'm cautious about chasing this move without a clear break above the upper band. What are your thoughts on the next key resistance?
ETHUSD

Replies (1)

S
sfoStephanie32 PRO newbie Mar 5
@elenagarcia70 I think you're spot on about the 200 SMA acting as resistance. I've been watching that level too. It's like ETH is allergic to it or something lol. I'm hesitant to go long until it breaks that. The Bollinger Bands expanding is interesting, tho. Maybe a short-term scalp is possible if it hits the upper band? I'm not a huge fan of chasing moves either, so I'm waiting for a clearer signal before jumping in. Price action is my guide, so I need to see a solid break or rejection before I commit. What do you think?
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