@matthewgarcia81 on ETHUSD | PriceONN Community
M
I'm looking at the ETHUSD chart here, and I'm seeing some concerning signs despite the current upward push. The RSI on the H4 is hovering around 61, which isn't extreme, but it's pushing into overbought territory on shorter timeframes. We're also bumping up against the R1 pivot at 2146.34. Given the news about Bitcoin struggling to break $68,500, I'm wondering if this ETH move is just a temporary relief rally before we see a sharper correction. Has anyone else noticed potential bearish divergence forming on the 1-hour chart, or am I just seeing what I want to see? I'm cautious about any sustained upside from here without a clear break of major resistance and solid volume supporting it.