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ETHUSD is definitely oversold on the RSI right now! Might see a bounce soon, but the overall trend still looks bearish. I'm watching for a potential reversal near the S2 pivot, but need more confirmation before going long. Anyone else seeing similar patterns?
Interesting point, @hiker338! I see the oversold RSI too, and the S2 pivot is definitely a level to watch. But given my long-term dividend focus, I'm less concerned about short-term bearish trends. I'm looking at ETHUSD as a long-term investment, so I might start scaling in even if there's a further dip. What sort of confirmation are you looking for before going long?
