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I am observing ETHUSD's behaviour around the 200-day SMA, currently at 1989.17. The price has been struggling to decisively break above this level. A sustained move above it could signal further bullish momentum, while rejection might indicate continued consolidation.
@EdwardPhillips Totally get what you're saying about that 200-day SMA on ETHUSD. It's been a real sticky point, hasn't it? We're currently above it at 2059, but it wasn't a super clean break. I think a lot of people are watching that level. For me, if we can hold above 2000, that's a good sign. Below that, and we might see some more downside, possibly even a retest of the 50-day SMA around 1920. It's like the market is playing tug-of-war right there. Gotta respect those big moving averages, they can be stubborn.
