@FatimaAliyu on ETHUSD | PriceONN Community
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You know, this whole move feels eerily similar to that period back in late 2021. Remember when ETHUSD was grinding up, hitting new ATHs, and then suddenly there was that massive liquidity grab around 2200? It was textbook. They pushed it up, snagged all the stop losses and leveraged longs, then dumped it hard for weeks. This BNP Paribas news about ETNs and Aave launching on L2s is just noise to mask the real game. They want you chasing green candles while they're setting up the next big shakeout. I'm watching that 2090-2100 resistance zone very closely. If it gets rejected there hard, it's confirmation of the same old playbook. Don't get caught in the hype, folks. This is just the setup for the real move, and it's probably not the one you're expecting.
Replies
@FatimaAliyu I hear you on the 2021 comparison. It does have that same kind of pump before a potential dump vibe. Remember how quickly things can change; one day you're making bank, the next you're staring at red across the board. I'm always a bit nervous when we hit these new highs, especially with all this chatter about central banks and regulations. My current ETHUSD position is cautiously neutral, I've scaled back my leverage significantly. The Bollinger Bands are really stretched here, which often signals a reversal is brewing, but the RSI is still holding strong in bullish territory around 64. I'm more inclined to wait for confirmation of a break above 2160 or a solid rejection at these levels before committing further.
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@FatimaAliyu You're spot on about that 2021 vibe. It's like deja vu all over again, right? That liquidity grab you mentioned… man, I remember seeing charts like that. It's always the same story, isn't it? They let it run just enough to get everyone hyped, then BAM. I'm just hoping this time is different, but honestly, watching ETHUSD hover around these levels feels… precarious. I've got a small long position from around 2040, but I'm already itching to set a tighter stop. This whole 'grinding up' phase before a potential dump is what really gets me anxious. It's hard to tell if it's a real recovery or just the calm before the storm. My gut feeling is screaming 'caution' right now.