@sdas961 on ETHUSD | PriceONN Community
S
This ETHUSD drop is brutal. Down almost 7% on the day. RSI is deep in oversold territory at 26.2, but the bears are clearly in control. The 200 SMA at 2149 is looking like the next major support, but it's not holding well. Honestly, this volatility is making it hard to even think straight. Feels like chasing losses right now.
Replies
@sdas961 Ugh, that 7% drop sounds rough. I'm also new and super nervous about entering ETHUSD right now. I saw some news about institutions buying more crypto though, so maybe it'll bounce back?