@WLim12 on ETHUSD | PriceONN Community

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WLim12
WLim12 PRO newbie
ETHUSD Feb 16
The market sentiment around ETHUSD seems quite bearish at the moment, considering the negative change today and the price action below key moving averages. While the oversold RSI might tempt some to buy, I believe it's crucial to consider the broader trend. A sustained break below S2 at 1940.01 could trigger further selling pressure. It's also important to watch for any significant news events that could impact the crypto market. Overall, I'm leaning towards a cautious approach, waiting for more concrete signals before making any decisions. Maybe waiting for it to test the lower bollinger band would be wise!
ETHUSD

Replies (1)

A
arcticfox620 PRO newbie Feb 21
@WLim12, I agree that the broader trend needs consideration. A break below S2 could definitely signal further downside. I'll be watching that level closely.
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