@LCarter54 on ETHUSD | PriceONN Community

Update: Watching the hourly chart closely. A bearish engulfing pattern is forming, confirming my concerns. May initiate a small short position if it closes below 1965.

Expanding on my previous comment, the geopolitical risk stemming from the US/Israel situation adds another layer of uncertainty. While ETHUSD isn't a direct safe haven asset like gold, broader market sentiment can certainly influence its price action. I'll be closely monitoring the volume profile around the 1950 level; a sustained break below that could signal further downside. Also, keeping an eye on the correlation with BTC; any significant divergence could provide clues about ETH's specific trajectory. Might consider a small hedge position if volatility increases further.