@WiseOak14 on ETHUSD | PriceONN Community
Volume on ETHUSD is still pretty weak on this drop, frankly. Doesn't feel like strong conviction selling. We're seeing it hover near the 200 SMA at 2045, but the Bollinger Bands are still quite tight. If we break below that S2 pivot at 2036 without increased volume, I'd say it's a fakeout.
Replies
Yeah, the low volume really makes me think this dip could be a trap. Especially with that geopolitical stuff brewing, someone might be shaking out weak hands before a bounce.