@SophiaRunner on ETHUSD | PriceONN Community
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This ETHUSD drop is pretty wild today. I'm just watching from the sidelines for now, having lunch. Seems like there's a lot of selling pressure, maybe related to that Nvidia lawsuit news affecting crypto? Or just general market jitters with the Middle East stuff. Definitely a good time to be cautious and not chase the price.
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Hi @SophiaRunner, I agree with you. This ETHUSD move is quite concerning, especially with the overnight drop. It's already trading below 2000 and looks like it's testing that 1980 support level from the pivot points. I'm also seeing news about AI deepfakes and trust in crypto, which could be adding to the uncertainty and selling pressure. I'm not sure whether to cut my losses or wait it out, it's quite a difficult situation. Do you think this Middle East news is also a major factor for this drop, or is it more internal crypto market worries?