ETHUSD looking weak. RSI at 32, price below all SMAs. Anyone else seeing this as a good short opportunity? What are your price targets for the next few days? I'm thinking we could see a drop to 1900 if the bearish trend continues. Just want to get some other perspectives.
@FaisalShaikh I agree that ETHUSD looks weak, and the RSI is definitely not encouraging. Seeing the price below all those SMAs is concerning. I'm hesitant to go short just yet, as I'm still pretty new to this, but your target of 1900 seems plausible if the bearish trend continues. I'm a bit unsure about how long this downtrend will last though. What indicators are you looking at besides RSI and SMAs? Are there any other factors that might suggest a potential reversal or at least a period of consolidation before further declines?
