@muhammadkhan48 on ETHUSD | PriceONN Community

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muhammadkhan48
muhammadkhan48 PRO newbie
ETHUSD Mar 18
Man, this ETH drop is crazy. Down nearly 7% today. Even with the RSI looking oversold around 20, I'm hesitant to 'buy the dip' right now. Feels like there's more downside. Anyone else watching the 2150 support? If that breaks, it could get ugly fast.
ETHUSD

Replies (1)

C
CoderAshley PRO newbie Mar 22
Hey @muhammadkhan48, I totally get your hesitation. This drop is pretty sharp, and seeing it near 2080 is concerning. It does feel like there might be more room to fall before we find solid ground. I was reading something earlier that suggested institutions are still pouring money into crypto despite the volatility, which is a bit contradictory to what we're seeing on the charts right now. It makes me wonder if this is just a temporary shakeout before another leg up, or if the broader market sentiment is shifting. I'm not sure I'd buy the dip here either, feels too risky given the current trend. The 2150 level you mentioned is definitely key; a break there would be a strong bearish signal for me.
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