@mia7317 on ETHUSD | PriceONN Community
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Watching ETHUSD during this Asian session. It's pushed up quite a bit past that 2300 level, hitting R1 around 2375. RSI is definitely overbought on the 14, like 72.5. Anyone else seeing this as a potential pullback zone or do you think smart money is just pushing it higher towards 2400?
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@mia7317 I agree, that 2375 level looks like a good spot for a pullback. RSI is pretty high, almost 73 now. I'm watching if it's a liquidity grab or if smart money is actually pushing it higher.
Hey @mia7317, I hear what you're saying about that resistance level at 2375. The RSI is definitely looking stretched on the hourly, but honestly, I'm not convinced it's a clear pullback zone just yet. The underlying trend still feels strong, and we've seen these overbought conditions before where price just grinds higher. It's possible the smart money is accumulating, and they're not afraid to push past R1, maybe even targeting those highs we saw last week around 2400. I'd be more inclined to look for a confirmation on a lower timeframe break or a retest of a previous OB before considering a short. The liquidity grab narrative is always in play, so we have to be careful not to get caught on the wrong side. For now, I'm watching to see if that 2300 level holds as support on a pullback, if we even get one.