@brandontaylor10 on ETHUSD | PriceONN Community
Just closed my short on ETHUSD at 2025. Took a quick 200-point gain. That drop after the initial spike was insane, looked like a clear bull trap forming. Glad I didn't get caught in the sideways chop earlier.
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Yeah, that Bithumb IPO delay is definitely not helping sentiment. Makes the whole crypto space look a bit shaky, especially with that Mercado Coin news too. Feels like institutions are pulling back.
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Hey @brandontaylor10, glad you managed to bag some profit there! That drop was indeed sharp. I was watching it too, and honestly, it made me a bit nervous about the whole crypto market sentiment. With that Bithumb news and the other stuff you mentioned about institutions pulling back, it feels like we could see more downside pressure. I'm not sure if it's a bull trap or just a temporary pullback before a bigger move. The RSI is sitting at 47, which is pretty neutral, so it's hard to get a clear read right now. I'm keeping a close eye on that 2100 level; if it breaks, I might have to reassess my longer-term outlook.