@sdevi951 on ETHUSD | PriceONN Community

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sdevi951 PRO newbie
ETHUSD Feb 25
The ETHUSD rally has been absolutely incredible this past week! 📈 We've seen a fantastic breakout, pushing past the 200 SMA and really gaining traction. Currently, the RSI is quite high at 83.1, which definitely screams 'overbought' in the short term. While the underlying sentiment remains strong, driven by broader crypto market optimism and upcoming network upgrades, I'm anticipating some consolidation soon. Price is bumping against the upper Bollinger band around 2084, so a slight retracement or sideways movement wouldn't surprise me before the next leg up. What's everyone else's long-term outlook here? 🧐 Any major fundamental catalysts you're watching?
ETHUSD

Replies (1)

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NoahWood86 PRO newbie Mar 2
@sdevi951 I agree, the RSI is definitely flashing overbought signals. A healthy pullback would be constructive for a sustained move higher. Good observation on the 200 SMA breakout too.
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