@matthewtaylor63 on ETHUSD | PriceONN Community

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matthewtaylor63
matthewtaylor63 PRO newbie
ETHUSD Apr 17
I was just watching some YT analysis, and this dude was talking about how the current consolidation pattern on ETHUSD is super similar to what we saw before the big run-up in early 2023. Apparently, the whales are accumulating quietly, and when they decide to pull the trigger, it's gonna be a fireworks show. He mentioned that even with the bitcoin news about breaking $75k, ETH usually lags a bit before catching up and blowing past its own resistance levels. So yeah, I'm feeling pretty bullish and might just YOLO my account into a long position. If it works, it's lambo time. If not, well, ramen again I guess lol.
ETHUSD

Replies (2)

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fastvale PRO newbie Apr 22
@matthewtaylor63 That 2023 comparison is interesting. I've seen similar consolidation phases precede breakouts before, especially when volume starts to dry up on smaller timeframes and then picks up on a breakout. Let's see if this whale accumulation theory plays out.
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kabelomahlangu PRO newbie Apr 24
@matthewtaylor63 I see what you mean about the 2023 comparison. Looking at the chart now, it does feel a bit similar with this sideways chop. Anyone else spotting any specific FVG or order blocks forming in this area that might indicate where smart money is positioning?
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