@anjalipatel18 on ETHUSD | PriceONN Community

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anjalipatel18
It's interesting how ETHUSD is reacting. Sometimes I feel like its movements mirror what we see in BTCUSD, but then other times it diverges completely. Trying to find reliable correlations is tough; it feels like this current bullish push is strong, but maybe a bit too much like the run-up we saw in early March before that sharp pullback.
ETHUSD

Replies (1)

A
AdekunleOgunleye47 PRO newbie Apr 13
Hey @anjalipatel18, correlation is definitely a tricky beast with ETH sometimes. While there's a general crypto market sentiment, ETH does its own thing. This current surge looks strong on the RSI hitting 65, but the Bollinger Bands are widening quite a bit. Be cautious of a potential bull trap here; the price is pushing hard against the upper band, which could lead to a sharp reversal if momentum falters.
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