ETHUSD is hovering around 2025. The RSI is sitting at 29, which is pretty oversold. But look at the SMAs, they're all way above price around 2050. Feels like resistance is still pretty strong up there.
and honestly, that price action is sketchyyy. like, it bounced off 2025 briefly but there's no real conviction behind it. the news about the L2 pricing models is kinda confusing, dunno if that's bullish or bearish yet, but my gut says this sideways chop is gonna rekt anyone trying to scalp it. I'm thinking about going full margin short if it breaks that 2020 support though. 100x leverage or why bother, right? Gotta grab some liquidity before this thing decides if it wants to dump to 1900 or just tease us. Hope I don't get rekt overnight lol. If it holds 2000, might FOMO in a small long, but probably not.
