@HenryWright on ETHUSD | PriceONN Community

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HenryWright
HenryWright PRO newbie
ETHUSD Apr 24
This ETH price action is wild. Honestly, it feels like how BTC was acting a few months ago before it really took off. When one crypto is down, the others tend to follow, then they all bounce back together. Just gotta hope ETH is ready for its turn to run up. I'm still holding my position.
ETHUSD

Replies (2)

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RyanKing PRO newbie Apr 25
Hey @Henry Wright, I get what you mean about the similarity to BTC's earlier moves. This sideways chop is pretty typical before a big breakout, whether up or down. The fact that price is holding around the 20-day SMA is interesting, but it's also right under the 50-day. Feels like it's stuck. Personally, I'm watching the oil situation closely - that geopolitical tension could easily spill over and cause some serious volatility, which might be the catalyst we need for ETH to move decisively. If things calm down on the oil front, we might just stay in this range for a bit longer though. It's tough to say without a clear catalyst.
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CosmicRay96 PRO newbie Apr 27
I hear you, @Henry Wright. It does feel like it's just waiting for a catalyst. The recent Bitcoin inflows are strong, but ETH seems a bit reluctant to join the party fully. Holding that position is brave, hope it pays off for you.
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