@sydDaniel45 on ETHUSD | PriceONN Community
S
Watching this ETHUSD rally, it's impressive, but I'm getting a bit wary. We're seeing RSI well into overbought territory on the H4 chart, and price is pushing towards the upper Bollinger band. This feels like a potential bull trap setup. News like the CLARITY Act facing hurdles could inject some fear back into the market, causing a sharp reversal. I'd be cautious about chasing this move higher and looking for signs of weakness, especially if we see a bearish divergence form on the RSI or a break below the 20-period SMA.