@ChloeCarter on ETHUSD | PriceONN Community
Watching ETHUSD during this Asian session is confusing. The price is up big, but RSI is way overbought at 75. And that Iran news usually makes me cautious, but it seems to be ignored? Not sure if this is smart money pushing it or just FOMOing in.
Replies
Or maybe the whales are just accumulating quietly before a bigger move. Hard to tell with this volatility.
R
Hi @ChloeCarter, I agree, watching ETHUSD during the Asian session has been quite a puzzle. It's fascinating how the price can move significantly even when indicators like the RSI show overbought conditions. That Iran news is definitely a factor that usually adds to volatility, but it's interesting that the market seems to be ignoring it for now. I'm also wondering if this is smart money positioning or just a rush of FOMO. It's hard to discern the true intentions behind these big moves. Your point about whales accumulating is a good one – the market can be very deceptive, and sometimes the quietest periods precede the biggest moves. This current volatility makes it incredibly difficult for beginners like me to make sound decisions.
A
Hey @ChloeCarter, totally get the confusion. This Asian session feels like a ghost town, and the price action is just weird. They're ignoring all the usual signals, probably setting up another 'surprise' move right after everyone falls asleep.