@PriyaN29 on ETHUSD | PriceONN Community
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The current ETHUSD rally is undeniably strong, but with RSI at 87 on the daily chart, it's clearly signaling overbought conditions. I'm not considering new long positions at these elevated levels for a swing trade. Instead, I'll be observing for a potential retracement towards the R1 pivot at 2084 or perhaps the SMA 20 around 1969. A confirmed bounce from these support areas would present a more prudent entry.