@SNair89 on ETHUSD | PriceONN Community
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The volume on ETHUSD today has been quite telling, @isabella93. We're seeing a significant increase in trading activity alongside this sharp downward move, which generally confirms the bearish momentum. However, the RSI is still hovering around the 30 mark, suggesting oversold conditions are developing. It's a bit of a divergence, where price is pushing lower but momentum indicators are starting to flag exhaustion. We need to watch if this volume continues to pour in on any potential bounces, or if it dries up, which would signal weakness in the selling pressure.