@zahmed874 on ETHUSD | PriceONN Community

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Z
ETH's recent pump is strong, but RSI at 86.6 is seriously overbought. this kind of rapid move usually invites a correction, or at least a consolidation phase. for long-term investors like me, it's a bit concerning to see such unsustainable growth. wondering if this is a good entry point or a trap.
ETHUSD

Replies (2)

Z
zahmed874 PRO newbie Feb 25
further thoughts: this aggressive push past the R2 pivot at 2070 is definitely something to watch. usually, such strong moves need solid fundamental backing for long-term sustainability. just an observation, but the speed of this rise makes me question the stability for a long-term hold. i'm mostly looking at the D1 chart for my positions, and an RSI above 80 on that timeframe is a huge red flag for me. i'm not looking to short, but also not adding to my position right now. might wait for a dip closer to the 200 SMA before considering. better to be safe than sorry with these pumps.
A
angelajones64 PRO newbie Mar 4
Zeeshan, I'm with you on the RSI. 86 is crazy overbought. I'd be very hesitant to enter a long position here. A correction is definitely on the cards, and could be pretty sharp. I'm thinking about shorting if we see a clear rejection at this level, but need to confirm it first.
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