@AvaJackson on ETHUSD | PriceONN Community

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AvaJackson PRO newbie
ETHUSD Feb 26
Okay so looking at ETHUSD it's definitely had a massive run up, hard to ignore that bullish momentum. Price is well above all the SMAs which is super strong but the RSI being at 70 makes me nervous for new long positions right now. It means it's pretty overbought and often leads to a short-term pullback. I'm thinking we could see it test the R1 at 2083 and maybe even R2 at 2111 before any serious correction. But personally, I'd rather wait for a dip back towards the 2000-2020 area, maybe retesting the 20 SMA, before considering a buy. Always good to be careful when things look too good to be true, right?
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