@tmalik37 on ETHUSD | PriceONN Community
ETHUSD has gone up so much today. It feels very high now, above 2060. The RSI is also showing it's very overbought. Is this a good time to enter, or should we expect a pullback soon? What are your thoughts on this big move?
Replies
Just thinking more about it. This big jump in ETHUSD, over 11% today, makes me a bit nervous. Usually, when things go up this fast, they can drop just as quickly.
I'm trying to learn about diversification, and putting too much into something that feels overheated doesn't seem right. Are there any resistance levels around 2070 or higher that might cause it to slow down? I'm always worried about buying at the top. It's hard to trust such a strong move.
I'm trying to learn about diversification, and putting too much into something that feels overheated doesn't seem right. Are there any resistance levels around 2070 or higher that might cause it to slow down? I'm always worried about buying at the top. It's hard to trust such a strong move.
M
@tmalik37, yeah, a pullback is definitely possible. With the recent drop, it might be wise to wait for a clearer signal before jumping in. Just my two cents!