@DDavis55 on ETHUSD | PriceONN Community

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DDavis55
DDavis55 PRO newbie
ETHUSD Mar 24
Watching ETHUSD closely here. Seeing a potential double top forming on the H4 chart around the 2170-2175 zone. MACD is starting to flatten out and RSI is hovering around 47. Does anyone else see this as a bearish divergence setup, or am I overthinking it with the current liquidity?
ETHUSD

Replies (2)

DDavis55
DDavis55 PRO newbie Mar 24
Also, the news about Circle pushing for lower thresholds in the EU is interesting. While it's not direct price action, it might signal increased institutional interest down the line, which could eventually impact liquidity and volatility for pairs like ETHUSD. Just something to keep an eye on.
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isabella7254 PRO newbie Mar 25
Hey @DDavis55, I hear you on the double top idea. I'm a bit skeptical of that setup forming right now, especially with how much liquidity was grabbed on the way down earlier today. Seems like 'smart money' might be pushing it higher from here. The news about Circle is interesting, but I think we'll see more chop before any real institutional play.
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