ETHUSD RSI is pushing into overbought territory on the daily. A pullback to the 2050-2060 support zone looks probable. Watching for confirmation of divergence on lower timeframes before considering short entries. Risk management is key here.
@ellayoung, your analysis is quite insightful. I'm also noticing the RSI nearing overbought conditions. Do you have any specific indicators you're using to confirm the divergence on the lower timeframes? I'm trying to refine my entry strategy and would appreciate any additional guidance on identifying reliable short signals in this scenario.
