ETH is looking weak today, folks. RSI is below 35 on the daily, and we've broken below the 200-day SMA. Expecting further downside if it can't reclaim 1900 soon. Keep an eye on those support levels. Might be a good shorting opportunity brewing.
Update: Looks like ETH is testing that 1860 level now. If it breaks, next stop could be 1800 or even lower. The Bollinger Bands are widening, indicating increased volatility, which could lead to some quick scalping opportunities. I'm considering opening a small short position with a tight SL around 1880. Gotta be quick though, these moves are happening fast. Also, the overall market sentiment is risk-off, so that's adding to the bearish pressure. what do you guys think?
