@RedShore39 on ETHUSD | PriceONN Community
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Given the current oversold RSI reading on ETHUSD, a short-term bounce is plausible. However, the prevailing downtrend suggests any rally might be short-lived. I would advise caution when considering long positions, paying close attention to resistance levels defined by the 20 and 50 SMAs. Risk management is paramount in this environment.