@priyaphoto on ETHUSD | PriceONN Community

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priyaphoto
This ETHUSD drop today is intense, down over 3% and RSI is screaming oversold at 29.9. I’m personally not buying this dip yet, still feels like there’s more downside pressure. The news cycle with Iran tensions and the general inflation worries are weighing heavily on risk assets. I'm wondering if we'll see a bounce towards the 50 SMA around 2254, or if we're headed straight for that 200 SMA at 2161. What are others seeing? Is this just a bear flag setup on H4 or something more serious? Curious about your sentiment here.
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