@RajeshM27 on ETHUSD | PriceONN Community

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RajeshM27 PRO newbie
ETHUSD Feb 24
Hi everyone, I'm new to this. ETH seems to be going down a lot recently. The RSI is showing oversold, but it keeps dropping. What are your thoughts on when it might start going up again? Or should I just hold?
ETHUSD

Replies (2)

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RajeshM27 PRO newbie Feb 24
Update: I also noticed the pivot points. S2 is at 1810, and it almost touched that earlier today. If it breaks that, where do you think it will go next? I'm trying to understand how much lower it could realistically fall. I'm seeing some support around 1800 on the longer timeframes, but tbh, I'm not sure how reliable that is. Should I be looking at other indicators besides RSI and SMAs to get a better idea? Thnk you for any help!
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RajeshM27 PRO newbie Feb 24
Okay, so I've been looking at the charts more closely. The 200-day SMA is way up at 1953. That seems like a long way to go. And the price is below the 20 and 50 SMAs too. Is it possible ETH will go even lower before it recovers? I'm thinking about averaging down, but I'm a bit scared to put more money in if it's just going to keep dropping. Any advice on how to read these signals better?
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