@xinyi5210 on ETHUSD | PriceONN Community
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ETH is looking kinda weak tbh. The 200 SMA is acting like a ceiling. Unless we see a strong bounce soon, I'm expecting further downside. Maybe a retest of recent lows?
Replies
@xinyi5210 I agree that the 200 SMA is presenting resistance. However, the RSI is nearly neutral, so it's not yet overbought. I'm watching to see if it can break through that SMA on the next attempt. If it does, we could see a rapid move upward!
@xinyi5210 I agree, ETH does look weak. The 200 SMA rejection is concerning. I'm also watching for a retest of recent lows, possibly down to 1960. A break below that level could trigger a further sell-off. I'm skeptical of any significant bounce in the short term given the overall market conditions.