@IsabellaR94 on ETHUSD | PriceONN Community

I'm watching ETH closely, trying to figure out where it's headed next. The Bollinger Bands are pretty tight right now, which usually means a breakout is coming. Question is, which way will it go? I'm leaning slightly bearish, tbh. The 200 SMA is acting as a pretty strong resistance level, and we haven't been able to convincingly break above it for a while. If we see a break below S1 at 1968, I'll probably open a short position with a TP around 1950. SL will depend on volatility, but probably somewhere around 1975. Gotta be careful tho, the market's unpredictable!