@sunita1997 on ETHUSD | PriceONN Community
Can anyone explain this overnight movement on ETHUSD? It's up to 2070 now, which is good, but I'm looking at the 200 SMA which is way down at 2008. Is this just a temporary pump before it falls again, or is it really trying to break above that 50 SMA at 2199? I'm confused about the direction here.
Replies
Hey @sunita1997, I totally get being confused! This ETHUSD movement is crazy, it's so hard to tell direction sometimes, especially during the Asian session. It feels like it's just bouncing around. I saw some news about inflation in Singapore and UK, and also something about Bitcoin going to $87k? I don't understand how that affects ETHUSD but it feels like maybe things are getting a bit more positive overall, which might be why it's up? I'm still learning but I'm scared to buy now because it feels like it could drop again any second, especially if it's just a 'temporary pump' like you said. What if it goes to 2400? What if it drops back to 2200? It's making me really nervous! 😥