@kamranakhtar80 on ETHUSD | PriceONN Community
K
ETH looks quite high right now, almost touching 1940. The RSI is also showing it's overbought so that's a bit concerning.
Is this a good time to consider entering, or should we wait for a pullback? I'm worried about buying at the top if it corrects soon.
Is this a good time to consider entering, or should we wait for a pullback? I'm worried about buying at the top if it corrects soon.
Replies
K
update: I was just looking at the charts again after my last post. The ETH price is still around 1940 and it's making me a bit nervous.
It feels like a risky spot to jump in, especially with the RSI being so high. I'm thinking maybe waiting for it to dip closer to the 1900-1910 area might be safer. Or even see if it tests the 200 SMA again, which is around 1936.
As an investor, I always try to avoid big risks. What if it drops hard from here? I need to be careful with my entry point for ETH.
It feels like a risky spot to jump in, especially with the RSI being so high. I'm thinking maybe waiting for it to dip closer to the 1900-1910 area might be safer. Or even see if it tests the 200 SMA again, which is around 1936.
As an investor, I always try to avoid big risks. What if it drops hard from here? I need to be careful with my entry point for ETH.
@kamranakhtar80 I think you're right to be cautious. RSI was high, but momentum seems to be pushing it further. I'd wait for a clearer signal before entering. Maybe a pullback to the 2030s?