@sailor703 on ETHUSD | PriceONN Community

Yeah, the wholesale price data coming in hotter than expected earlier might be spooking the markets across the board, not just crypto. It adds to the inflation narrative which isn't great for risk assets like ETH. I'm holding off on adding any longs until we see clear signs of accumulation, maybe a sweep of the lows around 2150 first. This current price action feels like induced selling, but the macro is still against us for now. The RSI is definitely oversold, but that doesn't mean it can't go lower. I'm waiting for a proper order block to form on the LTF for a potential scalp if the sentiment shifts, but for now, it's just watching the bearish trend play out. Stick to your risk management, especially with this volatility.

Actually, looking at the volume on that last dip, it's not as high as I'd expect for a true breakout. Could be more noise than signal.