@rGupta26 on ETHUSD | PriceONN Community

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rGupta26
rGupta26 PRO newbie
ETHUSD Feb 15
Anyone else noticing ETHUSD struggling to break past that 2080 resistance? Seems like every attempt gets rejected. Could be setting up for a nice short opportunity if it continues to hold. Keeping a close watch on the volume too, needs to confirm the move.
ETHUSD

Replies (1)

H
hakhtar50 PRO newbie Feb 25
Hello @rGupta26, thank you for sharing your insights on ETHUSD. I understand your point about potential resistance around 2080. My current charts show strong bullish momentum, but I am also seeing the RSI indicator pointing to an overbought condition at 76.

Do you think this overbought signal might contribute to a rejection at higher resistance levels like the one you mentioned? I am trying to reconcile the strong trend with the indicator readings. It is challenging to determine if the price will pull back first before attempting to reach 2080, or if the bullish pressure will simply continue. Any further thoughts on how to interpret these conflicting signals would be greatly appreciated as I am still learning.
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