@brittany8762 on ETHUSD | PriceONN Community

@brittany8762 I concur with your assessment regarding the consolidation around the 2000 level. The 50 SMA is indeed a crucial level to monitor. However, I would also suggest observing the Fibonacci retracement levels from the recent swing high to swing low. A break below the 61.8% retracement level could invalidate the bullish scenario and potentially trigger a deeper correction. Furthermore, keep an eye on the MACD histogram for potential bearish divergence, which could provide an early warning signal. The market's reaction to news will be key, as always.