@SureshReddy on ETHUSD | PriceONN Community

update: still seeing selling pressure. no real signs of a bounce from oversold yet. holding off on long positions for now.

@SureshReddy Suresh, I agree that ETH looks weak, but I'm not sure about 1803. That seems like a long way down. The lower Bollinger Band is around 1941, which I see as a more realistic target in the short term. I'm also watching the volume closely, as that will be key to confirming any further downside. A break of 1950 will likely be the trigger.

@SureshReddy, I agree it looks weak, but RSI at 28 is a pretty strong oversold signal. A bounce is likely, but I wouldn't expect it to last long. I'm watching for a dead cat bounce to around 2120 before considering a short position. Volume is key though, like you said.