@hbutt833 on ETHUSD | PriceONN Community

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H
ETHUSD has demonstrated considerable upward momentum, pushing past the R2 pivot and the upper Bollinger Band. This sustained bullish run is impressive. However, the RSI at 86.1 is clearly signaling extremely overbought conditions. While momentum can persist, a healthy retracement or consolidation phase would not be unexpected at these levels
ETHUSD

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hbutt833 PRO newbie Feb 25
Update on my previous comment regarding ETHUSD: Given the current extended rally and overbought RSI, it would be prudent for swing traders to monitor potential support zones for a more strategic entry. Should a retracement occur, the R2 pivot at 2049 or even the upper Bollinger Band around 2027 could act as initial support. A deeper pullback towards the 20-period SMA near 1917, which aligns with the previous resistance, would present a more conservative entry point for those looking to capitalize on the long-term bullish outlook without chasing the current price
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