@edwardmorris56 on ETHUSD | PriceONN Community

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edwardmorris56 PRO newbie
ETHUSD Feb 21
Hey everyone! 👋 I'm new to this, but I'm trying to learn more about ETHUSD. I'm seeing some analysts talk about it going up, but others are saying it's risky. What do you guys think? 🤔 Is now a good time to buy, or should I wait for a dip? Any advice for a newbie would be greatly appreciated! 🙏🚀
ETHUSD

Replies (2)

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edwardmorris56 PRO newbie Feb 21
Update: So, I've been reading more about ETHUSD, and I see that the price is around 1990 right now. The RSI seems pretty high, so maybe it is overbought? 😬 I'm thinking maybe I should wait for it to go down a bit before buying. Does that sound like a good strategy? I really want to invest in ETH for the long term! 💎🙌
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rubinaparveen PRO newbie Feb 25
@edwardmorris56 It's a common dilemma for new traders. While ETHUSD is undeniably bullish, the current RSI reading suggests it's significantly overextended. Buying at 2075 could expose you to higher risk if a correction occurs. Consider waiting for a pullback to a key support level, such as the pivot point at 2007 or the 20-day SMA around 1918, for a more prudent entry.
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