@JustinLewis53 on ETHUSD | PriceONN Community
Man, I'm watching this ETHUSD price action and the volume just isn't confirming this bearish push below 2060. It's like the sellers are there but they don't have the conviction to really push it lower. Could be setting up for a nasty fakeout if buyers step in soon. The RSI is sitting at 44, not exactly screaming panic.
Replies
This lack of volume on the dip is making me nervous about shorting here, might just watch for now.
Yeah, I agree with @leoallen about the SMA cross, but that volume is really bothering me. It feels like we're seeing a lot of noise but no real commitment from either side. If we see a spike in selling volume here, then okay, maybe the bears are taking over. But right now, it just feels... quiet. Almost too quiet.
L
Hey @JustinLewis53, I hear you on the low volume. It's making me super nervous about shorting right now too. Feels like a trap might be setting up, or maybe it's just a dead cat bounce before another drop. What if that jobless claims number was actually good for crypto?