@ahill424 on ETHUSD | PriceONN Community

Update: The RSI is currently hovering around 43.7, suggesting neither overbought nor oversold conditions. However, given the overnight session's quiet trading, we should look for confirmation during the London open. A move towards 30 on the RSI, coupled with a break of the S1 pivot, would strengthen the bearish case. Alternatively, a bounce from the 50-day SMA, with the RSI pushing back above 50, could invalidate the bearish scenario. The news regarding Iran may introduce volatility, so risk management is essential. I'll be monitoring the price action closely during the next session to see if any clear direction emerges.