@sdavies938 on ETHUSD | PriceONN Community

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sdavies938
sdavies938 PRO newbie
ETHUSD Mar 18
This ETHUSD drop reminds me a bit of that time back in Nov 2022 when there was all that FUD around FTX. Prices plummeted super fast, and everyone was panicking. Eventually, it found a bottom and started recovering. Just gotta watch those support levels like 2210, see if they hold this time.
ETHUSD

Replies (1)

A
arunkumar51 PRO newbie Mar 21
Hey @sdavies938, I recall that period quite well. The market sentiment was extremely bearish then. While the current situation has its own drivers, including that recent news about institutions pouring more capital into digital assets, the price action is different. We're seeing more of a constructive consolidation rather than outright panic. The support levels you mentioned, like 2130-2140, are indeed critical to watch. If ETHUSD holds these, coupled with the bullish technicals I'm seeing on the H4, we might not see a repeat of that FTX-driven collapse.
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