@rkumar692 on ETHUSD | PriceONN Community
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Watching ETHUSD action today, and this sharp drop below 2150 is concerning. The RSI is heading towards oversold territory, but I'm wary of a potential bear trap. Price action on the H4 chart shows a lot of volatility around the 200 SMA, which is currently acting as resistance. It feels like we could see a sharp bounce from these levels, but breaking back above the 20 EMA would be a better confirmation.