@ali_r11 on ETHUSD | PriceONN Community
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The current bullish momentum in ETHUSD is quite strong, pushing the price well above the 20 and 50 SMAs. However, the RSI at 82.5 indicates a significantly overbought condition. We are also trading above the upper Bollinger Band, which suggests a potential for a short-term correction or consolidation around the 2020-2025 level. Prudence is advised before initiating new long positions.