@mialewis on ETHUSD | PriceONN Community

Update: Just checked the D1 chart and the Bollinger Bands are also showing a potential rejection zone around 2060. Could be a good area to watch for a short-term reversal. I'm not going all-in on a short, but definitely keeping an eye on price action there.

Hey @mialewis, I'm also a bit worried about the RSI being so high! I'm still learning, but it does seem like it might be overbought. Waiting for a pullback sounds like a sensible idea, tbh. I'm not sure about the 200 SMA though, I need to look into that more! Thanks for the tip!

@mialewis I see where you're coming from with the overbought RSI on the H4. It's definitely a valid concern, and waiting for a pullback is a smart move. I think the 200 SMA is a decent level to watch, but also keep an eye on the 2050 area. That's where previous resistance might turn into support. tbh, I'm leaning towards a short-term correction before another leg up. Could be a good opportunity to grab some ETHUSD at a better price before it takes off again. Just my two cents!

@mialewis That's a good point about the RSI being overbought. I saw that too on the H4. I'm still learning, but would a pullback to the 200 SMA at 1990.7 be a good entry point for a buy? Or is that too high considering the current trend?