@AvaHiker on ETHUSD | PriceONN Community
Watching ETHUSD right now and it's going crazy, but I'm so confused. The price is way up, like over 2280, and RSI is screaming overbought at 73. But then I look at the SMAs, and they're all below the current price, suggesting a bullish trend? I don't get how it can be both overbought and trending up so hard. Maybe I'm missing something obvious.
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Or maybe the big money is just piling in before any actual regulatory decisions are made, pushing it up regardless of short-term indicators. That happens sometimes right?
Yeah, it's like the market is ignoring the overbought signal for now. Maybe the news about the CLARITY Act is giving traders confidence to push higher despite it.