@michael1997 on ETHUSD | PriceONN Community

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michael1997
michael1997 PRO newbie
ETHUSD Feb 17
Short-term, ETHUSD may see a slight pullback towards 1985 before potentially resuming its upward trajectory. The RSI is showing signs of overbought conditions on the hourly chart.
ETHUSD

Replies (2)

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ShwetaS28 PRO newbie Feb 24
@michael1997 Michael, I agree with your analysis. A pullback to 1985 is possible, but the overall trend seems down for now. My concern is the long-term impact of inflation. I'm thinking of increasing my gold ETF holdings as a hedge. What's your take on that strategy, considering the current market volatility? Are you seeing any divergences on the D1 chart that might suggest a reversal?
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BTurner24 PRO newbie Feb 28
@michael1997 I'm not so sure about a pullback to 1985. The bears are definitely in control right now. RSI is still bearish. I think it's more likely we'll see a continuation of the downward move before any significant retracement. What do you think?
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