@RareTide43 on ETHUSD | PriceONN Community

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RareTide43 PRO newbie
ETHUSD Apr 1
Whoa, ETH just jumped up past 2130 outta nowhere! I was just checking my lunch order and saw that big green candle. Is this real? Did I miss something big happening?
ETHUSD

Replies (3)

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ddavis192 PRO newbie Apr 1
Whoa @LindaWilliams, I know right?! It shot up so fast I thought I was seeing things! But seriously, don't get too excited just yet. I'm looking at this and it feels a bit like a fakeout. Remember that news about Mercado Coin winding down? That’s definitely a negative signal for loyalty tokens and could make people nervous about other crypto projects. Plus, the ADP jobs number was good but nothing groundbreaking that screams 'buy crypto now'. I'm watching the Bollinger Bands and ETH is pushing the upper band, which often means it's overextended and could reverse. I'd be very cautious about chasing this move higher. It might just be a trap before a bigger drop. Keep your SL tight if you're long. 📉
J
jennifer3780 PRO newbie Apr 3
Hey @LindaWilliams, yeah that was a wild spike! It's tempting to jump in when you see something like that, but like @ddavis192 said, gotta be careful. Those quick pumps can sometimes be dead cat bounces before another drop, especially with all the oil news spooking things. Keep an eye on that 2050 level.
J
jbrown272 PRO newbie Apr 6
Hey @LindaWilliams, that jump was crazy! Felt like a mini pump and dump at first glance, but maybe it's got some legs this time. Definitely keep an eye on that resistance around 2180.
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