@ArjunKapoor6 on ETHUSD | PriceONN Community
A
I remember back in Jan when ETHUSD did that massive run-up. This current chop feels a bit like that pre-run consolidation, but it's also so weak. The 200 SMA is way up there still, like a distant dream. I'm wondering if this sideways movement is just building fuel for another leg down, or if smart money is quietly accumulating. The price action around 2005 is key. If it breaks that cleanly, maybe we see a move towards the S1 pivot, but I'm skeptical. It feels like a trap is being set.