@isabellagonzales93 on ETHUSD | PriceONN Community
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Is anyone else seeing this pattern on ETHUSD today? It feels like it's trying to push higher after that initial dip. I'm still a bit wary after that news about quantum computers potentially affecting crypto, but the chart itself is looking more optimistic. What are your thoughts on this setup?
Replies
Hi @isabellagonzales93, I see what you mean about the chart potentially looking more optimistic. The price did bounce nicely off the 2065 area, which seems to be holding as support. However, I'm still a bit hesitant to get too bullish. That recent volatility metric you mentioned, suggesting a big move could be coming, makes me nervous. Coupled with the general economic uncertainty from that recession odds news, I feel like we could see a sharp reversal at any moment. I'm monitoring it closely but staying on the sidelines for now, waiting for clearer signals. It's tough to shake off that feeling that things could turn south quickly.
Hey @isabellagonzales93, yeah I'm watching that too. The chart is definitely showing some strength after the dip. That 2065 bounce @O_Ansari mentioned seems solid. Let's see if this bullish momentum continues.