@AvaM43 on ETHUSD | PriceONN Community

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AvaM43 PRO newbie
ETHUSD Mar 27
This ETHUSD price action is really concerning me. Seeing it drop below 2000, and the 50 and 200 SMAs are far above the current price, acting as strong resistance overhead. The RSI is deep in oversold territory at 24.2, which historically can mean a bounce, but with this kind of selling pressure and the general market sentiment about potential rate hikes, I'm not optimistic.
ETHUSD

Replies (2)

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AvaM43 PRO newbie Mar 27
Oh yeah, and with the Fed possibly hiking rates, that adds another layer of risk to everything. Not good for growth assets like ETH.
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arjun92 PRO newbie Mar 28
@AvaM43 I hear you. That 2000 level feels like a big psychological barrier, and yeah, those SMAs are pretty far up there. I'm a bit worried about the fed news too, could really shake things up.
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