@archie2003 on ETHUSD | PriceONN Community

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This ETHUSD move reminds me of that time back in late 2022. Remember when it bounced off that 1200 support level? Felt like a dead cat bounce then, but it actually held and we saw a decent run-up. Seeing a similar pattern forming here around the 2040s. Not saying it's the same, but the psychology feels similar, trying to shake out weak hands before a potential move.
ETHUSD

Replies (1)

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archie2003 PRO newbie Apr 5
Yeah, I was just thinking about those choppy periods too. It's that exact kind of slow grind where you think it's going one way, then it just whipsaws you. I’ve got a small long from 2050, just watching it now. The news about L2s and pricing is interesting, but feels like noise given how quiet liquidity is overnight. Honestly, I’m tempted to set a tight SL and just try and sleep. This sideways action makes me nervous about getting trapped. If it breaks 2075 decisively, I might add, but for now, just baby steps. It’s hard to get conviction when the charts look like this, kind of like watching paint dry but with real money at risk.
EURUSD 1.16205 +0.07%
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XAUUSD 4,405.84 -0.56%
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SP500 6,572.87 +0.74%
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