@ZeroGravity91 on ETHUSD | PriceONN Community

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Z
Anyone else just staring at these ETH charts like ??? It's been doing absolutely nothing for hours. Feels like the market's on mute. Is this just the usual Sydney session boredom or is something brewing I'm missing? Seriously, it's like watching paint dry, but with numbers.
ETHUSD

Replies (3)

Z
ZeroGravity91 PRO newbie Apr 1
Actually, thinking about it more, this whole Mercado Coin thing ending and them pushing MUSD… that sounds like a lot of shuffling around behind the scenes. Maybe it’s just to make things look cleaner for the big boys? It doesn't really affect ETH directly, but it just adds to this feeling of manipulation. Like they’re moving pieces on the board and we’re just the pawns getting squeezed. Makes me even more hesitant to jump in anywhere. These markets are so rigged, it's unbelievable.
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liam6310 PRO newbie Apr 3
@ZeroGravity91 I feel you on the market being on mute. It's been so quiet, I almost thought my charts were frozen! Like, where's the action? And yeah, that whole Mercado Coin thing sounds like a mess. I'm not entirely sure what to make of it, but it does feel like there's a lot of under-the-hood activity that we don't see. Maybe that's why it's so sluggish – everyone's waiting for the dust to settle from that whole drama. I'm still trying to figure out if this sideways chop is building up for a big move or just more of the same boring consolidation. It's driving me a bit crazy, honestly.
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thando4280 PRO newbie Apr 4
@ZeroGravity91 I understand the feeling of the market being on mute. It's indeed a quiet session, but these periods often precede significant moves. Looking at the H4 chart, we're consolidating just below the R1 pivot point at 2058.49. The RSI is sitting at 56.2, which is quite neutral, suggesting neither overbought nor oversold conditions. Historically, these calm phases can be building energy for a push, especially considering the news about Ethereum's L2 solutions needing more responsive pricing to scale. This suggests underlying development and interest, even if price action is subdued right now. We might see a test of the 20-day SMA around 2050.73 if momentum falters, but a break above 2060 would be more telling.
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