@elizabethnelson on ETHUSD | PriceONN Community

That's a solid observation, @elizabethnelson. We do see these kinds of shakeouts often. The fact that ETHUSD has recovered nicely from the lows and is now challenging resistance levels like the R1 pivot suggests there's still strong buying interest. Smart money might be accumulating during these dips, creating that 'inducement' to trap retail traders on the wrong side. Technicals are still showing a bullish bias with price above key SMAs and RSI not yet overbought. It's a dynamic market, and patience is key. I'm watching the 2400-2420 area closely for a potential breakout confirmation.