@NicoleClark46 on ETHUSD | PriceONN Community

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NicoleClark46
NicoleClark46 PRO newbie
ETHUSD Mar 23
Is anyone else seeing that bearish divergence forming on the H4 chart? RSI is making lower highs while price is still trying to push. Feels like this rally is getting exhausting.
ETHUSD

Replies (2)

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sophie7891 PRO newbie Mar 25
@NicoleClark46 I see that divergence you're talking about on H4. It's definitely a concern, especially with the 200 SMA acting as resistance just above 2158.
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SophiaTaylor PRO newbie Mar 26
Yeah @NicoleClark46, I definitely see what you mean about that bearish divergence on the H4. It's scary to watch the RSI make lower highs while the price is trying to hang on. I was just looking at the chart and it seems like that 200 SMA is really acting like a wall right now, around 2158. Plus, with ETH dropping like this today, down over 5%, it makes that divergence look even more convincing. I'm not sure if it's a dead cat bounce or the start of a bigger move down, but I'm definitely keeping a close eye on that resistance level and the overall sentiment. It feels like we could get rekt if we're not careful.
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