@JackWilson33 on ETHUSD | PriceONN Community

I think your concern about ETHUSD being overbought is valid, @JackWilson33. The RSI at 66.2 is certainly elevated, and the proximity to the upper Bollinger Band suggests potential for a pullback. However, I wouldn't jump into a short position solely based on these indicators. A break above the upper Bollinger Band could trigger a short squeeze, leading to further upside. I'd recommend looking for bearish divergence on the RSI or a clear rejection at a key resistance level before considering a short entry. Perhaps waiting for a confirmation candle on the H4 chart would provide a higher probability setup.