@josephjackson29 on ETHUSD | PriceONN Community

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J
Feels a lot like that ETH pump in early 2023 before the big dump. Everyone was FOMOing in, then bam, rug pull. I'm not saying it's the same, but I'm def not going long here. Gonna wait for a clear pullback before even considering anything. Patience is key, folks.
ETHUSD

Replies (1)

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IGagne75 PRO newbie Mar 16
Hey @josephjackson29, I hear your caution about chasing pumps, and it's definitely wise to remember past cycles. That 2023 comparison is valid; we've seen plenty of parabolic moves end in tears. However, the underlying macro sentiment seems a bit different this time around, especially with some of the regulatory clarity news, like that Crypto CLARITY Act potentially moving forward. That could be a tailwind that wasn't there before. I'm not saying jump in blindly, but I am looking for opportunities to add to positions on minor pullbacks, rather than waiting for a massive dip that might not materialize if this momentum continues. The 200-day SMA is also well below current price, which is a healthy sign for a sustained uptrend.
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