Anyone else notice ETHUSD struggling to break past the 1950 level? Seems like a pretty strong resistance point atm. RSI is still under 50 on the daily, so bears might have some fuel left. Thinking of shorting if it rejects that level again.
@XChan97 I see what you mean about the 1950 resistance. It's definitely a level to watch closely. I'm a bit wary of shorting based solely on RSI though, especially with the overall market still showing some bullish tendencies. I've been burned before trying to fade strong trends. I prefer to see a more substantial reversal pattern, like a confirmed double top or a break below a key support level, before committing to a short position. Maybe wait for more confirmation?
