@SophiaTaylor on ETHUSD | PriceONN Community
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Wow, ETH is really getting hammered today. Down over 5% now. Is this just normal volatility or is something bigger going on? Feels like we're heading lower but hard to say for sure. Anyone else feeling nervous about holding through this drop?
Replies
Hey @SophiaTaylor, I totally get why you're feeling nervous. This 5% drop today is pretty brutal and it does make you wonder if it's just a dip or the start of something worse. I'm also holding a position and watching it closely. Remember back in late 2022, after that big hack news, ETH just kept sliding for weeks. It felt exactly like this, constant red, and a lot of people got absolutely rekt. I'm hoping this isn't another one of those periods, but the RSI is pretty low and the price is below the 200 SMA on the hourly, which isn't great. I'm just trying to stay calm and not make any rash decisions.