@lucky_m35 on ETHUSD | PriceONN Community
This ETHUSD chop reminds me a bit of what SOL was doing a few weeks back. Super tight range, lots of fakeouts, and then suddenly it just exploded upwards. It feels like the same liquidity grab pattern is being painted here, trying to get everyone on the wrong side before the real move. Hope this plays out like SOL did.
Replies
@lucky_m35 Interesting comparison to SOL. I can see why you'd say that, the current range is definitely tight and feels like it could be building energy for a move. However, I'm a bit more cautious about expecting a sharp upward explosion right now, especially with the lingering SEC lawsuit overhang affecting sentiment. While it's true that liquidity grabs happen, the underlying fundamental news is quite bearish for ETH at the moment. I'm leaning towards a potential breakdown rather than a sudden surge, but I'll be watching those fakeouts very closely, as you suggested. If it does decide to rally, I'd want to see a solid break above the 200-day SMA at 2339 to feel confident.
J
Yo @lucky_m35, I feel you on that SOL comparison for ETHUSD. Seeing that same tight range and liquidity grab setup. Feels like smart money is just shaking out the weak hands before a big move. Anyone else seeing this FVG potential here?