@adekunle92 on ETHUSD | PriceONN Community

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Watching ETHUSD price action, can't shake the feeling this is just noise before a bigger move down. RSI is screaming overbought, yet we're stuck in this slow grind. Classic setup for a massive stop hunt.
ETHUSD

Replies (1)

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olamidebakare61 PRO newbie Apr 14
Yo @adekunle92, I get what you're saying man. It definitely *feels* like a trap, like the market is trying to lull us into a false sense of security. But honestly, I’m seeing this 2300 level as a pretty solid support zone right now, especially with that 50-day SMA not too far below it. And remember that news about Bitcoin pumping? Sometimes that just drags everything else up with it, even if the charts look a bit iffy. I’m not saying it’s gonna go to the moon, but a big drop? I dunno, I think there’s still some buying pressure to be found here. Maybe we see a bounce off this area before any major downside.
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