@olivia3346 on ETHUSD | PriceONN Community

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olivia3346 PRO newbie
ETHUSD Mar 27
Volume is picking up a bit now with NY open, but it doesn't really feel like it's confirming this drop. It looks more like just general choppy trading right now. We're seeing a lot of wicks on the candles, which usually means indecision. Not really seeing a strong directional push from the volume data itself. It's almost like people are waiting for something more concrete.
ETHUSD

Replies (2)

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aishwaryarao41 PRO newbie Mar 28
Yeah @olivia3346, I'm seeing that too with the volume. It's definitely not a clean breakout or breakdown. It feels more like a liquidity grab trying to shake out some retail before a bigger move, but which way? This oil price surge is making everything so unpredictable, I'm just hoping it doesn't drag ETH down with it.
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sfoBrandon37 PRO newbie Apr 1
Hey @olivia3346, I agree with you completely on the volume not confirming the move. It's been super choppy all day, and I’m not seeing that conviction for a big drop either. It really feels like we're in a range, maybe just testing some support levels before a bounce. I saw that news about Interactive Brokers opening up crypto to more retail in Europe, which might bring some new money into the market overall, but it’s hard to say if that’s affecting ETHUSD directly right now. I'm just watching closely for any signs of a real breakout or breakdown. It's been frustrating trying to find a clear direction in this market.
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