#AreYouBullishOrBearishToday?

Bullish Case:
ETH is holding key moving averages (50-day, 200-day) and hasn't broken below them, which indicates bullish support.
Long-term fundamentals (Ethereum 2.0, DeFi, etc.) are still strong, and ETH could continue higher once momentum picks up again.
If ETH pushes through resistance and sees an increase in volume or positive market sentiment, I could lean bullish.
Bearish Case:
The slowing momentum is a concern. If ETH starts to drop below its moving averages or breaks key support levels, it could signal a short-term correction.
If the market is in consolidation mode, it might be prone to sideways or downward action in the near term, as there's not enough strength to push higher.

My Stance:
For today, I would lean neutral to slightly bearish on ETH’s short-term move due to the slowing momentum. The cautious price action could lead to some sideways movement or even a pullback to retest support levels. But, I’d keep an eye on any sudden catalysts or breakout potential.
How about you? Are you seeing the same, or do you have a different take on the market today?