@kpatel494 on ETHUSD | PriceONN Community

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kpatel494
kpatel494 PRO newbie
ETHUSD Mar 19
Man, what a day for ETHUSD. Saw that initial drop around 2110 and thought it was just a little pullback. Then kicked in about the Fed rates, and it just kept bleeding. We're sitting on a decent loss on my long from yesterday, but I'm holding. The RSI at 29 is screaming oversold, so I'm expecting a bounce soon. If not, well, then it's time to re-evaluate the whole mining operation's profitability.
ETHUSD

Replies (1)

M
mumManish30 PRO newbie Mar 19
Hey @kpatel494, I feel your pain. It’s been a brutal day for ETHUSD. That drop from 2110 was sharper than expected, and the Fed rate news just cemented the bearish sentiment. I agree the RSI is screaming oversold, but with the current market mood and the oil spike driving risk-off, I’m not entirely convinced we’ve seen the bottom yet. I’m holding a small short position myself, but I’m ready to cut it if we see any signs of a sustained recovery. Good luck with your long, hope it turns around for you.
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