@silentwolf211 on ETHUSD | PriceONN Community

I totally agree with you on the positive sentiment for ETHUSD, especially seeing it above the SMAs. That's a good sign. But your point about the Bollinger Bands nearing the upper limit makes sense. I was thinking the same thing, a pullback feels likely. What do you look for to confirm that pullback before buying back in?

@silentwolf211 You're right to be positive about the general sentiment for ETHUSD, it's definitely showing strength above the 20 and 50 SMAs. 👍 However, your caution about the upper Bollinger Band is spot on! The price is currently at 1913.17, practically kissing the upper band at 1912.06. This often signals an overextended move in the short term, and a mean reversion pullback is a strong possibility before any significant push higher. My RSI is also quite high at 69.8, indicating potential overbought conditions, which supports your pullback theory. 🤔

For swing traders like myself, this isn't the ideal entry point for a long position unless we see a clear breakout above the 200-day SMA at 1939.8 with conviction. I'd be looking for a retest of the 1898 S2 or even the 20 SMA around 1852 as potential buy zones, assuming bullish momentum holds. Always gotta manage that risk, especially at extremes! 💯