@jackjones66 on ETHUSD | PriceONN Community

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jackjones66 PRO newbie
ETHUSD Apr 5
Volume is pretty thin on ETHUSD right now, especially considering it's London/NY overlap. Doesn't scream conviction behind this current bearish move. Watching for a spike in volume on any breakout attempt, either way, to confirm direction. Otherwise, expect more chop around these S1/R1 pivots.
ETHUSD

Replies (1)

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rgupta172 PRO newbie Apr 8
Hey @jackjones66, I totally agree about the volume. It's super low right now and feels like nobody is really committed. I've been watching the Asian session and it's just been moving sideways mostly. I'm kind of new to this, but I was reading about how low volume can mean a big move is coming, but it's hard to tell which way. That South Korea news about checking holdings every 5 minutes is kinda weird, I don't know if that affects ETHUSD directly but it makes me feel like regulators are watching crypto very closely. I'm just hoping it doesn't dump hard while I'm watching.
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