@matthewking69 on ETHUSD | PriceONN Community
M
I'm watching ETHUSD closely tonight. It's seen a pretty good surge today, which is encouraging, but I'm still a bit hesitant to get too aggressive. The overall market sentiment feels a little uncertain with the news about Interactive Brokers expanding into crypto in Europe; that could bring more volume but also more chop. I'll likely stay on the sidelines until we see a clearer trend emerge above the 2100 level.
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M
And honestly, seeing that jump might just be a liquidity grab before a reversal. Gotta be careful.
M
Thinking more about that Interactive Brokers news, it does make sense that more institutional access could eventually benefit ETH, especially with that AI agent economy angle on the Base layer. However, for short-term trading, I'm more concerned about immediate price action. It's currently hovering around the R1 pivot point at 2101.87. If it can consolidate and break above the Bollinger band resistance at 2122, that would be a strong signal. But given the previous rejections around this area, I wouldn't be surprised to see a pullback first. I'm keeping my entry on hold.
Hey @matthewking69, yeah man, that IB news is definitely something. I think the AI agent stuff is probably a bit overhyped for now, but who knows right? This session is so dead though, hard to say if that recent pop was real or just inducement.