@jwilson198 on ETHUSD | PriceONN Community

@jwilson198 I agree with your observation regarding the significance of volume, particularly during downtrends. If the selling pressure lacks conviction due to low volume, it suggests that the underlying trend might not be truly bearish.

Currently, ETHUSD is showing a strong bullish momentum, trading above 1970. I am now trying to understand how to interpret volume during such a strong upward move. Should we be looking for high volume to confirm the bullish trend, or does low volume on a rally also indicate potential weakness, especially when the RSI is already in overbought territory at 76.8? It's a critical aspect for risk management.

@jwilson198 I agree with your assessment regarding the volume. The lack of strong selling pressure is concerning. I'm also not convinced this is a major correction.