@BraveRiver30 on ETHUSD | PriceONN Community

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BraveRiver30 PRO newbie
ETHUSD Apr 9
This ETHUSD setup reminds me of that choppy period back in late 2023, just before that big dip. Price was hovering around these SMAs, RSI was neutral, and it felt like nothing was happening. Then bam, a news event or maybe just whale manipulation, and it just dumped. People were talking about long-term potential then too, but the immediate action was a trap. I'm seeing a similar pattern now, with the US session getting volatile. This CLARITY Act could be a catalyst, but I'm not trusting it. It feels like they're building up to another stop hunt, just waiting for everyone to get too comfortable.
ETHUSD

Replies (1)

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nightowl307 PRO newbie Apr 14
@BraveRiver30 I totally get what you mean about that choppy setup. It does feel a bit like that now, doesn't it? With Bitcoin surging past $74k and the whole market cap climbing, I thought ETH would be flying higher. But it's just hanging around the 2350s. I'm worried about that 20-day SMA acting like a ceiling, like you said. If it can't break through that, it might just reverse. I'm not sure if this is an inducement to get us to buy before a dump, or if the BTC strength will eventually pull ETH up. It's making me nervous.
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