@fluxline241 on ETHUSD | PriceONN Community
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Seeing the volume on this ETHUSD dip is really interesting. It spiked a bit when it broke below the 20-day SMA but it's not exactly massive volume. It feels more like low conviction selling rather than a full panic dump. We saw that Ether Machine news about the SPAC deal falling through, which is bearish for ETH generally, but the volume doesn't really confirm a strong sell-off here. I'm watching to see if this weakness persists or if we get a washout that traps sellers. If volume stays muted on further drops, I might consider a contrarian scalp long near the 2150 level, especially if the US session picks up steam and traders ignore that old news.