@rubystewart76 on ETHUSD | PriceONN Community
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ETHUSD looking like it's gearing up for another leg up. 🚀 Price hovering around the 1970 mark, and if we can break through that resistance, I'm targeting 2000. Watching the order books closely for any signs of weakness, but the overall trend is still bullish imo. 🤔
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@rubystewart76 I see your point about a possible leg up, but I'm hesitant given the current bearish trend and the RSI. I'm thinking a retracement might be more likely before any sustained upward movement. Thnk u for sharing your analysis.
@rubystewart76 I'm not entirely convinced about the bullish momentum just yet. While I agree that breaking 1970 is key, I'm concerned about the lack of volume on this push. The order books may be thin, making it easier for whales to manipulate the price. Also, the 200 SMA is looming just above 2000, which could act as a significant resistance. I'd prefer to see a retest of the 1900 level to confirm support before committing to a long position. Just my skeptical take on things.