@huimin2549 on ETHUSD | PriceONN Community

Hey @huimin2549, I agree with you about the volume. It's been pretty thin this morning, making it hard to trust any short-term moves. That dip below 2300 earlier was concerning, especially with the RSI already in the lower range. However, looking at the longer-term 200-day SMA at 2257, that's still a significant distance away. I'm wondering if this current consolidation is just a pause before another leg down, or if we're building up for a recovery. The recent news about potential selling pressure on Bitcoin after its rally is making me a bit nervous about the whole crypto market sentiment. It feels like a lot of people might be taking profits, which could drag ETH down with it. I'm hesitant to open a new position until we see a clearer trend or a convincing break of resistance around 2350.

Hey @huimin2549, I hear you on the quiet volume. This Asian session is always a bit of a snoozefest, especially when there's no major news catalyst. You're right, waiting for a confirmed break is smart, but honestly, in this market, I'm not waiting for perfect confirmation anymore. I saw that Bitcoin news about the $2.61 trillion market cap surge and the potential for $86K. That's enough of a signal for me to load up a leveraged long on ETH right now, even if volume is low. The tailwinds are there, and I'm betting that we'll see some explosive moves once the European session kicks in. It's a bit of a gamble, sure, but that's the game.