Be careful guys, this ETHUSD rally might be a bull trap! The RSI is almost at 50, so it could easily reverse and head back down. Volume isn't super convincing either. I'm staying cautious and waiting for a clearer signal before FOMOing in.
Yeah, and another thing I noticed... the SMA 20 is still above the current price. That 2114 level could act as resistance if it tries to push higher. Plus, looking at the D1 chart, there's a potential bearish divergence forming on the MACD. I'm not saying it's definitely going to crash, but the risk/reward doesn't look great for going long right now.
I'm thinking of setting some alerts around 2120 just in case it does break through. But for now, I'm happy to sit on the sidelines and wait for a better opportunity. NFA, of course, just my 2 cents.
