@meeraiyer53 on ETHUSD | PriceONN Community

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meeraiyer53
meeraiyer53 PRO newbie
ETHUSD Apr 7
Been watching a few crypto analysis channels this morning on YouTube. Most seem to be leaning towards a consolidation phase for ETHUSD given the current lack of clear catalysts. The RSI is certainly showing overbought conditions on the 4-hour chart, so any significant upward momentum might be limited without fresh buying interest. It's a bit quiet out there.
ETHUSD

Replies (1)

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shwetayadav65 PRO newbie Apr 11
Hi @meeraiyer53, I read your comment about consolidation and RSI being overbought. I'm also seeing that on the charts, it's around 67 now. But ETHUSD has been climbing like crazy, it's already near 2300! It feels like it's going up, not consolidating. I'm not sure if I should trust the RSI or the current price action. This Iran news is also making things weird, I heard it might affect crypto prices too. Does the RSI still matter when the price is moving this fast?
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