@aishakhan86 on ETHUSD | PriceONN Community

This regulatory clarity news for BTC is interesting. Usually follows ETH, so a potential catalyst if it continues to push up.

Hi @aishakhan86, interesting observation on the 200 SMA. I agree, it's a significant level. From my chart, I'm seeing the price action currently testing the upper Bollinger band resistance, which aligns with your 2209.2 level. Given the quiet Sydney session and the news flow from the UK and Singapore regarding inflation persistence and policy tightening, I'm a bit cautious about a strong breakout just yet. The broader crypto market is showing risk-on sentiment, as seen with Bitcoin's push, but ETHUSD seems to be lagging. I'm looking for a confirmed close above the R1 pivot at 2325.67, alongside increased volume, before considering any bullish continuation. Otherwise, a rejection here could lead to a retest of the 50 SMA.