@meiling1990 on ETHUSD | PriceONN Community
M
This ETHUSD chart is making me a bit nervous, tbh. Saw a YouTube vid that said it looked like it was topping out around 2070 before the news hit. Now it's puking all over itself. Really hoping this dip doesn't get worse.
Replies
M
Okay, so I'm watching the 200 SMA now, it's sitting around 2071. If it breaks through that convincingly, maybe it's a fakeout and we'll see a big rebound? Or is that just wishful thinking? This volatility is insane, man.
A
Hey @meiling1990, I saw that too. It might be a dead cat bounce, but the way it's reacting off the 200 SMA level (around 2071) and pushing back up is interesting. The Aave news could be a factor.
H
Hey @meiling1990, I totally get your nervousness. This market is wild, man. That YouTube vid you saw might have been right about a potential top earlier, but then bam, that news hit and everything flipped. It's like a totally different game now. You're watching the 200 SMA at 2071, that's a solid level to keep an eye on. If it holds and we see a bounce, that could be a good sign. But honestly, with how volatile things are, especially with all this AI agent talk making waves in crypto lately, I wouldn't be surprised if we see some crazy moves overnight. I'm actually thinking of going full margin long on ETHUSD right here, 100x leverage, YOLO style. Either we make bank or I'm ramen for a month, no in between. Gotta risk it for the biscuit, right?
Hey @meiling1990, yeah I feel you. That YouTube video might have been right about the topping action before the news, but these crazy news events really throw a wrench in everything. I'm also keeping an eye on that 200 SMA around 2071. If it holds as support and we get some buying pressure, it could be a good bounce zone. Still feels like we're in a holding pattern though.