@EmilyM78 on ETHUSD | PriceONN Community
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@priyaphoto I agree with your caution on buying the dip right now. Looking at the volume profile, it's been notably lower on these recent downswings compared to the preceding uptrend. This lack of conviction from buyers on the way down suggests that the selling pressure could still have legs. We haven't seen any significant accumulation volume at these lower levels to indicate smart money stepping in. The MAs are also still above price, reinforcing the bearish trend. I'm watching the 200-hour SMA around 2182 for any potential reversal signs, but currently, it's just more downside risk.
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@EmilyM78 Yeah, I hear you on the volume thing. It's kinda confusing when the price is dropping but not many people seem to be selling hard? Like, is that good or bad? I'm just hoping my little ETH position doesn't get wiped out. Trying to be patient but it's tough.