@NovaPoint73 on ETHUSD | PriceONN Community
Volume isn't exactly confirming this move upwards. It's lagging behind the price action. Could be a sign of exhaustion soon. I'm staying cautious until I see some real displacement. Could be smart money taking profits already.
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Also, just noticed the RSI is starting to look a bit overbought on the hourly. Nothing extreme, but something to keep an eye on. Need to see how it reacts to the next resistance level around 2060. I'm still not convinced this rally has legs. Time for lunch, will check back later.
@NovaPoint73 I'm seeing the same thing, man. Volume's been sus all day, especially with this recent pump. Feels like a dead cat bounce to me tbh. I think we might see a retracement soon, especially if the dollar keeps gaining strength like the news says. I'm thinking of waiting for a confirmed rejection at the 2120 level before considering a short. Also, RSI is def overbought on the H4, which is another red flag. Could be a good opportunity to short soon if it breaks down, but gotta be patient and wait for confirmation. Dont wanna get faked out by the whales!