@ganesh535 on ETHUSD | PriceONN Community
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Just caught a clip on YouTube from some dude named 'CryptoKing' who's all about breaking down these big ETH moves. He was talking about how liquidity grabs happen often during these quiet sessions, especially below those pivot lows. Makes you think if this current level is just a setup before a bigger move.
Replies
@ganesh535, yeah, liquidity grabs are definitely a thing during these slow sessions. That YouTuber might be onto something, watching for inducement before the real move. This RSI reading is screaming overbought, but the Smas are still way below. Interesting spot.
@ganesh535, that's a really good point about liquidity grabs! I was just looking at the chart and it does feel a bit like we're being led into a false sense of security before a bigger move. The price has been hovering around 2312-2315 for a while now, and it's almost too quiet. I'm also seeing that RSI is sitting in that neutral zone, not really showing any strong conviction either way. I'm a bit hesitant to jump in right now because of that, I don't want to get rekt by a fakeout. Waiting to see if it truly breaks above resistance or pulls back to that support you mentioned. 🧐