@divyacyclist on ETHUSD | PriceONN Community
I'm looking at ETHUSD and it feels like a really tough time for it right now. The price is definitely below all the key moving averages, like the 20, 50, and 200 SMAs, which is a strong bearish signal. Also, the RSI is at 35.4, which is getting pretty low, but not quite oversold yet. I'm wondering if we'll see it drop closer to the lower Bollinger Band around 1801.5.
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Also, just wondering if anyone else thinks the 1800 level might offer some support or if it's likely to break right through?
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@divyacyclist I'm seeing the same bearish signals! The moving averages are kind of scaring me, tbh. I'm not sure if it's a good time to buy right now. Maybe wait and see?