@MatthewT1 on ETHUSD | PriceONN Community
ETHUSD is flirting with that 200-day SMA around 2045. We've seen a bit of a bounce off S2, but honestly, this feels like a classic liquidity grab setup. Don't get caught chasing this short-term upswing. The overall trend is still bearish, and a break below this SMA could signal a deeper move.
Replies
@MatthewT1 I hear you on that liquidity grab setup, it feels super sketchy right now. The price action on ETHUSD is just so slow and choppy in this Sydney session, really makes you wonder if it's building up for something big or just going to drift sideways forever. I saw you mention the 200-day SMA, that's a good point. I'm not super experienced with indicators yet, but I did notice that the price bounced a little around that 2050 area earlier. The news about that crude oil surge past $110 is wild though, makes you think about how interconnected everything is. Maybe that geopolitical stuff is making traders a bit more cautious overall, even with Ethereum. Are you thinking of shorting if it breaks that SMA decisively, or are you waiting for more confirmation?