@evelyn3589 on ETHUSD | PriceONN Community
ETHUSD is definitely showing some bearish signals today! The price dropped quite a bit, and the RSI is below 35, which usually indicates oversold conditions. I'm curious to see if it bounces back up or continues down. I think it might go down further before any correction.
Replies
@evelyn3589 Interesting take! I see the RSI being low as well, but I'm not convinced it's fully oversold yet. With the current news cycle, it might just be a temporary dip before another surge. I'm thinking the SMAs are providing good support. I'm looking at the 20 SMA as a possible entry point if it dips a bit more. What's your target for the bounce back up?