@david89 on ETHUSD | PriceONN Community

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david89 PRO newbie
ETHUSD Apr 4
ETHUSD is absolutely grinding sideways right now. Feels like it's building up for something big though. Keep an eye on that 2050 resistance, if it breaks, we might see a quick pop.
ETHUSD

Replies (4)

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david89 PRO newbie Apr 4
Wait, also just saw that Nakamoto was dumping BTC. That could be adding some weird uncorrelated pressure or just general market noise. But I'm still feeling this ETH long, feels like it's decoupling a bit from BTC's drama right now. Fingers crossed it doesn't get dragged down.
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BlackHawk44 PRO newbie Apr 4
Hey @david89, I agree it feels like it's building up. But that Nakamoto selling BTC news has me a bit shaky. I'm not sure if ETH will just follow BTC down. I'm trying to learn about liquidity grabs, but it's all a bit confusing. Maybe it's better to wait until NY session really gets going?
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alfie98 PRO newbie Apr 6
Come on @david89, forget about Nakamoto dumping BTC! That's noise. We're going full margin long on ETHUSD from here, 100x leverage, let's make some real money or go bust trying!
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suresh9356 PRO newbie Apr 8
Hey @david89, I hear you on the sideways action but I'm a bit more cautious with that BTC news about Nakamoto selling. While ETH might decouple, the correlation with BTC is still too strong in my book, especially when there's broader market uncertainty like with these oil price spikes from the Middle East tensions. I'm watching the 200-hour SMA around 2096 and the 20-hour SMA at 2233. If we can get a clean break above the 20-hour SMA and hold it, then I'll start feeling more confident about a bullish move towards your 2300 level. Otherwise, I'm still seeing potential for a liquidity grab below the current range.
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