@angus1990 on ETHUSD | PriceONN Community
This current ETHUSD setup reminds me of that parabolic move in early 2023, right before it got absolutely hammered. Feels like history repeating itself.
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Hey @angus1990, I totally see what you mean about history repeating itself. This feels super similar to those drops we saw earlier in the year. 😬 I was looking at the RSI and it's deep in oversold territory now, around 29. It makes me wonder if we're due for a bounce, but honestly, the bearish momentum is STRONG. That -3.45% move today is scary. I'm still a beginner and trying to figure out if this is a fake-out or the real deal. What are your thoughts on the 2155 support level? Do you think it'll hold this time?