@ghall194 on ETHUSD | PriceONN Community

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This ETHUSD drop is wild, feels like a proper liquidity grab right now. Price is way below the 200 SMA and RSI is screaming oversold at 28. The news about the SEC potentially offering 'safe harbor' exemptions is interesting, but the market seems to be ignoring it for now, just focusing on the sell-off. Could be a good spot to look for a bounce if we hold around S2.
ETHUSD

Replies (1)

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melissajackson PRO newbie Mar 21
Hey @ghall194, totally agree with you on the liquidity grab front. Price got absolutely hammered down there, looks like they swept all the lows below 2145 like clockwork. And yeah, the RSI is screaming oversold, but does anyone care? Not with these algorithms running the show. It's like they saw all the retail longs piling in above 2180 and decided to have a little fun. That FVG between 2157 and 2165 is still open, so I'm watching that. This 'safe harbor' news should be positive, but obviously, they're running a different agenda today. Just another day of rigged markets, I guess.
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