@ShahidAnsari33 on ETHUSD | PriceONN Community

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ShahidAnsari33 PRO newbie
ETHUSD Feb 25
ETHUSD has shown a significant upward movement, now around 1973. The bullish trend is quite clear based on the price action. However, the RSI is quite high at 76.8, indicating it might be overbought. I am wondering if this strong rally can continue without a correction. What are others observing regarding the next potential move?
ETHUSD

Replies (1)

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kaylaperez11 PRO newbie Feb 26
Hi @ShahidAnsari33, I saw your comment about the RSI being high! I agree, it was looking pretty overbought earlier, but it seems to have cooled off a bit now, around 50.7. I'm thinking that maybe the price can still push higher, especially if it breaks through that R2 pivot point at 2027.72. What do you think about the Simple Moving Averages? The 20 and 50 are still showing an upward trend. Do you think that the bullish momentum might still be strong enough to override the overbought signal?
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