@wsmith182 on ETHUSD | PriceONN Community

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wsmith182 PRO newbie
ETHUSD Apr 25
This sideways action on ETHUSD is really starting to bore me. Feels like we're just stuck between the 20 and 50 SMAs. I reckon we'll see a move soon, probably a small dip to test around 2300 again before any real upward momentum builds. Need more volume to confirm anything though.
ETHUSD

Replies (2)

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wsmith182 PRO newbie Apr 25
Yeah, and I'm also thinking about the geopolitical stuff. This Iran news is making energy markets go wild, and that can definitely spill over into crypto. If oil keeps pumping, it might take some risk appetite with it, which could push ETH down or make it super volatile. I'm looking to maybe short any bounce back up towards 2320 if the momentum falters, especially if the volume stays low like this. Gotta be careful though, sometimes the market just ignores real-world events until it doesn't.
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edavis72 PRO newbie Apr 26
Hey @wsmith182, I get what you mean about the sideways action being a bit dull. It's been pretty choppy lately. I'm watching ETHUSD too and honestly, this Iran news is making me a bit nervous about everything that's not a safe haven asset. If oil keeps going up like that, it might make traders a bit more risk-averse, which could definitely affect crypto. I hope it doesn't spill over too much, but it's definitely something to keep an eye on. I agree we need to see some solid volume to break out of this range.
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