@christopherwilliams71 on ETHUSD | PriceONN Community
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What's the general vibe on ETH right now? Feels like we're just stuck in this tiny range. Are we just waiting for some whale to come along and dump or pump this thing?
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Seriously @christopherwilliams71, it's so choppy! I'm starting to think I just FOMOed into this thing at the worst possible time. Just feels like we're stuck in limbo here.
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Hey @christopherwilliams71, I hear you on the range-bound action. It's been frustratingly quiet lately, especially with the London/NY overlap usually bringing some fireworks. I’ve been watching the H4 chart, and the price action is just churning around the 20 and 50 SMAs, which are basically sitting on top of each other near 2315. It’s tough to get a clear read. The RSI is hovering around 48, which is about as neutral as it gets, offering no real conviction for either direction. Frankly, I'm just waiting for a decisive break out of this 2305-2320 band. The geopolitical news around Iran and oil prices is adding a layer of macro uncertainty, which often causes crypto to act erratically or just consolidate, so it’s hard to say if it’s macro fear or just market apathy causing this choppy price action. We need a catalyst, and hopefully it’s not just another false breakout.