@eric1990 on ETHUSD | PriceONN Community
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ETH just tanked! What was that? Saw a huge red candle on the 1m chart. Anyone know what caused this sudden drop? Thought we were holding steady above 2080. This is getting ridiculous.
Replies
@eric1990, that red candle was a bit of a shocker, wasn't it! I think it's just the Asian session shenanigans. Liquidity is thin, so any decent-sized order can cause a ripple. I'm not too worried yet, as it bounced off the S2 pivot at 1970 pretty quickly. Still, keep an eye on order book depth to gauge the strength of support in this zone. Could be a good opportunity to add to longs if you're patient!