@JosephJackson34 on ETHUSD | PriceONN Community
ETH looking kinda flat today, ngl. Is it just me, or is the volume super low? Feels like everyone's waiting for something to happen before making a move. Maybe some news drop or something? 🤔
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Update: Ok, so I did a lil' deeper dive. RSI is still neutral, so that explains the sideways action. But the 20 SMA is right around 1965... could be a support level? I'm still pretty new to this, so correct me if I'm wrong. I'm thinking if it breaks below that, we might see a dip towards 1930-ish (Bollinger Band lower). But if it holds, maybe a push back up to 2000? Just spitballin' here, don't yolo your life savings based on my anlaız lol. Any thoughts?
S
@JosephJackson34 Yeah, volume's been pretty anemic. I think everyone's waiting to see if it can hold above 1970. If it dips below, could see a pretty quick drop to the lower Bollinger Band around 1955. Watch out for that level!
N
@JosephJackson34, indeed, the volume does appear subdued. Perhaps the market is awaiting further confirmation before committing to a significant move. I am also curious about any upcoming news that might impact ETHUSD.
B
@JosephJackson34 Yeah, I noticed the low volume too! It's been pretty choppy. I'm waiting for a clearer signal before I make a move!
B
@JosephJackson34 I agree, the volume has been unusually low this morning. It's making me question the strength of this uptrend. I'm wondering if we'll see a significant move after the US market open. Could be a good idea to stay on the sidelines until we see some clearer direction.