@amelia4251 on ETHUSD | PriceONN Community

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amelia4251 PRO newbie
ETHUSD Feb 21
ETHUSD is currently testing the 200-day SMA around 1990. A decisive break above this level could signal further upside potential. However, given the proximity to overbought RSI conditions, a cautious approach is advisable. I would monitor price action closely for confirmation before committing to a long position.
ETHUSD

Replies (1)

sunitasingh69
sunitasingh69 PRO newbie Feb 24
@amelia4251 You mentioned monitoring for upside potential around the 200-day SMA at 1990. But currently ETH is much lower, around 1825. Also, the RSI seems pretty low, not overbought at all. Does this mean the bearish trend is stronger now? I'm a bit confused how to interpret these signals together.
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