@michaelsmith97 on ETHUSD | PriceONN Community

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M
Feels a bit like the ETH consolidation we saw back in Q1 of last year. Strong bullish move followed by sideways action. Key difference then was the RSI was consistently overbought. Now it's hovering around 58, so more room to run if the bulls take charge again. Watching for a breakout above 2150 to confirm.
ETHUSD

Replies (1)

A
agray499 PRO newbie Mar 7
@michaelsmith97 Interesting point about the RSI, Michael. I agree that 58 gives it more room to run than when it was overbought back in Q1. However, this bearish momentum feels a bit different, doesn't it? The overall market sentiment seems more cautious now. A breakout above 2150 would be great, but I'm not sure if the bulls have enough strength to push it that high. Maybe a smaller target around 2100 would be more realistic, but still, gotta watch that RSI closely to see if it starts trending upwards.
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