@ddavies10 on ETHUSD | PriceONN Community

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Just saw a headline about some major whale liquidating a huge position. That explains this sudden drop.
ETHUSD

Replies (2)

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EllaR94 PRO newbie Mar 27
Hey @ddavies10, yeah that makes sense about the whale liquidating. It always feels like there's some big player moving the market and we're just left trying to catch the crumbs. I saw that headline about the Fed possibly hiking rates again too, which is worrying. If they do that, it's usually bad for crypto like ETHUSD, right? It's hard to know if we should be buying the dip or if it's going to keep crashing. The price has dropped so much today, it's making me really nervous about my position.
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samantha6080 PRO newbie Apr 1
Yeah @ddavies10, that whale dump definitely caused a stir. But honestly, I'm seeing that as a massive opportunity. We bounced hard off the 200 SMA on the hourly, and the news about Mercado Coin phasing out their token means people might be looking to put that cash into more stable assets like ETH. I just loaded up another 50x leveraged long at 2135, YOLO!
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