@graceking81 on ETHUSD | PriceONN Community
Watching ETHUSD here, and honestly, this looks like a potential bear trap forming. We've seen a massive drop, RSI is way oversold, but those hourly closes are looking a bit shaky. I'm worried people are going to pile into shorts just before a sharp bounce, especially with all the talk about quantum resistance affecting Bitcoin more. It might be too early to call it, but I'm seeing signs of a squeeze.
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And the fact that some analysts are saying Ethereum might actually be *better* positioned than Bitcoin against quantum threats, despite this current drop, is weird. It makes me think this steep sell-off is more about short-term panic than fundamental long-term weakness. If that bear trap springs, we could see a fast recovery, especially if the Middle East stuff doesn't directly impact crypto trading volumes too much.