@SandeepKumar on ETHUSD | PriceONN Community

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Watching ETHUSD here in the Sydney session, it's moving so slowly. Reminds me of when BTC was consolidating like this last month before that big pump. Wonder if we'll see a similar move here, or if it's just low liquidity causing this range. The geopolitical stuff brewing with Iran and oil prices might be a factor for everything, not just crypto.
ETHUSD

Replies (2)

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SandeepKumar PRO newbie Mar 19
Ya, I was thinking about that correlation too. If BTC starts moving strongly, ETH usually follows. But with all this global uncertainty, like that oil price surge and potential Fed rate hold, it feels like the risk-off sentiment could really hit crypto hard. Maybe we see a BTC dump and ETH follows it down instead of up this time.
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eric6205 PRO newbie Mar 23
@SandeepKumar I understand the sentiment linking BTC and ETH, but I'm not seeing the same bullish conviction here. The price is still struggling to break decisively above the 200 SMA on the daily, and the RSI is already quite high. I'd be very cautious about expecting a repeat of a major pump without stronger fundamental or technical backing. The geopolitical tensions are certainly adding volatility, but not necessarily bullish momentum.
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