Took a short at 2090 based on the overbought RSI and resistance near R2. Closed it out at 2070 for a quick scalp. Volume confirming the move down. Small position, but profitable. Looking for a potential re-entry around 2085 if it retraces.
Update: The retracement to 2085 didn't materialize, ETHUSD seems to be holding around 2075 now. Might have been too quick to close the initial position. I'm seeing some support forming around the daily pivot. The overbought RSI is still a concern, though. Will wait for a clearer signal before jumping back in. Maybe a break below S1 at 2053, or a stronger rejection at R2. Keeping an eye on the Bollinger Bands as well; a close outside the upper band could indicate further upside potential, but I'm skeptical given the current market conditions.
