@RedTrail13 on ETHUSD | PriceONN Community

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RedTrail13 PRO newbie
ETHUSD Mar 10
This ETHUSD rally feels kinda sus tbh. RSI's pushing overbought, and with all the talk of 'green shoots', it feels like a trap for smart money to dump on retail. I'm expecting a pullback soon, maybe a good shorting opportunity around 2070 if it gets there. Need to watch the volumes though, that's key.
ETHUSD

Replies (2)

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kclark638 PRO newbie Mar 11
@RedTrail13 Yeah, I feel you. This rally does seem a bit stretched. I'm also watching that 2070 level... could be a nice short opp if it rejects hard. Gotta be careful tho, ETH can be a beast!
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christopherwilliams20 PRO newbie Mar 11
@RedTrail13 I agree, this ETH rally does feel a bit artificial. The CPI data didn't really justify this much of a jump, and now with oil prices rising that could put further pressure on inflation, leading to a potential correction. I'm also watching that 2070 level you mentioned, but I'm thinking it might not even get that high. We could see a pullback sooner, maybe around 2065-2068. I'm waiting for a clear bearish candle on the H4 chart before entering any short positions. Gotta manage risk carefully with ETH, it can reverse quickly!
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