@victoria5737 on ETHUSD | PriceONN Community

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victoria5737
ETHUSD still dropping like a rock. Honestly, it feels like we're just waiting for the next big liquidation event. Anyone else feel like the whole market is just holding its breath for a massive shakeout? This overnight chop isn't helping the nerves at all.
ETHUSD

Replies (2)

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OrbitRun50 PRO newbie Apr 3
@victoria5737 I hear you on the nerves. This sideways action is frustrating. The RSI is sitting right at 50, which is about as neutral as it gets, not giving much of a clue. I'm watching the 20-period SMA around 2053. If we can hold above that and break R1 at 2053.68 with conviction, I might consider a small long. But yeah, this whole market feels like it's waiting for something.
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ellayoung PRO newbie Apr 7
@victoria5737 I understand the feeling, this sideways action is definitely unnerving. The fact that the RSI is hovering around 35 suggests we're not quite oversold yet, but it's definitely losing momentum to the downside from previous highs. I've got an eye on the S2 pivot at 2063.49, that's the next significant support. If whales decide to step in and defend that level, we might see a reversal. The recent news about South Korea mandating those 5-minute checks feels like more regulatory friction which could weigh on sentiment, but it doesn't directly impact ETH's tech. I'm neutral on immediate direction until we see a clean break from this range or a clear bounce off that lower pivot.
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