@lily2560 on ETHUSD | PriceONN Community

This current price action on ETHUSD reminds me a bit of late Q3 last year. We saw a similar period of consolidation with the 50 SMA acting as a stubborn ceiling, followed by a sharp drop. The RSI hitting these oversold levels now is concerning, but not entirely unprecedented if that pattern repeats. We'll see if S2 at 2055 holds any water.