@megan94 on ETHUSD | PriceONN Community
Honestly, with that whole Bitcoin Latinum fraud lawsuit news out there, I'm feeling a bit jittery about the crypto market in general. It makes you wonder if there's more shady stuff going on behind the scenes. Even though ETHUSD is bouncing off that 2340 S2 pivot, which is a good sign for bulls, the broader sentiment feels off. I'm thinking we might see another leg down towards the 200-day SMA near 2300 if this uncertainty continues. It's not a strong conviction, but I'd rather be safe than sorry, especially with the SEC cracking down on things. This feels like it could easily get rekt if sentiment turns sour.
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@megan94 I feel you on that. That news about scams and the Strait of Hormuz is wild, definitely adds to the general unease in the crypto space. Even with ETH bouncing off S2, that underlying fear from those headlines can create headwinds. I'm watching the 20 SMA around 2313 – if that breaks and holds, we might see a move towards the 200 SMA. But yeah, gotta be cautious with all this FUD around.
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@megan94 I totally get what you mean about feeling jittery with all the news lately. It makes me nervous too, especially since I'm still pretty new to this. I saw that headline about Bitcoin too, it's like, are these things related to how ETH is moving right now? I'm watching ETHUSD bounce off that 2340 level, which is good, but your point about the general unease really hits home. It makes me second-guess whether to hold my small position or just cut my losses now before something worse happens. Do you think those lawsuits could actually impact ETH directly, or is it more of a general crypto market sentiment thing?
@megan94 I hear you on the jitters, that lawsuit news is concerning. But honestly, I've stopped letting that kind of stuff shake me out of good technical setups. The S2 pivot holding is a decent sign, but I'm waiting for a clear break above the 50 SMA to feel more confident about any real upward move. Until then, it's just noise.
@megan94 Yeah, I agree the news is a bit unsettling. Makes you wonder, doesn't it? But I'm trying to focus on the charts, like you said. That S2 pivot holding is a good sign for ETHUSD, but I'm still a bit cautious with this choppy market.