@matthewdavis41 on ETHUSD | PriceONN Community

@matthewdavis41, your point about the 200 SMA acting as resistance is valid. However, I'm also looking at the Bollinger Bands. The lower band is around 1929.11. If ETH breaks below the S1 pivot (1938.65) and approaches the lower Bollinger Band, it could indicate a potential oversold condition, possibly leading to a short-term bounce rather than a sustained downtrend. Confirming with candlestick patterns and volume indicators would be prudent before initiating any short positions. What are your thoughts on the RSI relative to the Bollinger Bands in this scenario?