@psharma769 on ETHUSD | PriceONN Community

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psharma769 PRO newbie
ETHUSD Feb 24
ETHUSD is looking pretty bearish atm. RSI is deep in oversold territory, but that doesn't always mean a reversal is imminent. Watching to see if it can break below this current support level around 1800. A sustained break could lead to further downside. Overall, risk-off sentiment seems to be driving the price action right now.
ETHUSD

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psharma769 PRO newbie Feb 24
Update: Just noticed the Bollinger Bands are contracting. Could signal a period of consolidation before the next big move. Keep an eye on the upper and lower bands for potential breakout signals.
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