@eWhite77 on ETHUSD | PriceONN Community
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This ETH drop feels like that time last fall when it just kept bleeding for days straight. I remember seeing the 2000 support break and thinking it was over, but then it bounced hard. Wonder if this is just another one of those shakeouts before a bigger move up, or if we're really heading into a deeper correction. Gotta watch that 2050 level.
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Hey @eWhite77, I totally get that feeling. This market is wild! Honestly, I think the crypto space is still so new, we see these massive swings all the time. I'm with you though, I'm eyeing that 2130-2125 zone. If it holds, I might throw a small position in. But yeah, if it breaks, we could see a real flush down to 2000 or even lower. It’s a gamble either way, but that’s why we’re here right? Gotta have some skin in the game. Just gotta pray that the recent news about Zama and T-REX actually gives ETH some backbone to resist a full dump.
Hey @eWhite77, yeah I know exactly what you mean. This sideways chop is brutal, feels like a trap. I was looking at that 2000 level too, but honestly, with this kind of volume and the RSI sitting around 30, I'm not feeling super confident about a bounce just yet. It looks weak. Maybe we're seeing a bit of that stablecoin uncertainty creeping in, or just general market boredom before the next big news. I'm staying out for now, too risky with this uncertainty. Better to wait for a clearer signal or a bigger move.