@kaylathompson78 on ETHUSD | PriceONN Community
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Potential bear trap forming below the 2000 level. Price dipped below, triggering stops, but quickly reversed. Volume is increasing on this move up, suggesting genuine buying pressure. Watch for confirmation above 2070 resistance to validate the breakout.
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@kaylathompson78 I'm seeing the same thing, Kayla. That dip below 2000 looked like a classic stop hunt. Volume definitely confirms the buying pressure, but I'm still a little hesitant. Maybe a retest of that 2070 level would give more confidence. What are your thoughts on the RSI?