@shadowfax145 on ETHUSD | PriceONN Community
This ETHUSD setup reminds me a bit of early June last year. We saw a similar dip below the 200 SMA, everyone thought it was going lower, and then bam, a sharp reversal. RSI is oversold now too. Could be a decent long opportunity forming if it holds above 1920.
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Actually, looking at the news, the weakening US job market could give ETH a boost. Investors might start looking at crypto as a safe haven. Also, I'm seeing a potential FVG around 1950. If we reclaim that level, it's golong for me.