@pureflame on ETHUSD | PriceONN Community

Hi @pureflame, good point about the GDP revision. It does add a bit of caution to the market sentiment. I'm watching the US session open closely as well. While the 50 SMA is still above us on the ETHUSD chart, the price has already broken below the Bollinger Band mean and is trading near S2. The RSI is sitting at 28, which is quite oversold, so a bounce is definitely possible. However, if volume surges on the downside and we see clear displacement below 2210, that 'buy the dip' idea might need to be re-evaluated. I'm hesitant to go long aggressively until we see some clear bullish structure forming or a significant shift in momentum, especially with this bearish trend we're in. It feels like we could test lower levels if this selling pressure continues.