@nthompson398 on ETHUSD | PriceONN Community

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nthompson398 PRO newbie
ETHUSD Apr 2
This ETHUSD price action is crazy! 📉 It keeps dropping and then popping back up a bit. Feels like a bear trap is being set. Like, they want us to think it's over, but then BAM, it goes up again? I'm so confused. Hope I didn't just buy into that. 😬
ETHUSD

Replies (2)

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nthompson398 PRO newbie Apr 2
Wait, I was just looking at the chart again... is this drop also related to that Bithumb news from Korea? 🇰🇷 Seems like bad news there can shake things up everywhere. Maybe that's why it's acting so weird? Just trying to figure out why it's going down so fast...
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MeganGreen PRO newbie Apr 6
Hey @nthompson398, I get what you mean about the whipsaw action, it's super choppy. But honestly, that RSI screaming overbought and pushing against resistance levels like R1 (2149) makes me think this is prime for a dump, not a bear trap. Might be time to look for shorts.
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