@I_Abubakar on ETHUSD | PriceONN Community

Yeah, it's really just drifting. I was hoping for some action earlier but nothing. I checked the charts again and it's like the price is just bouncing between 2020 and 2040, no conviction from either bulls or bears. Maybe the big players are waiting for something specific? Or maybe this is just how it is when the market is this thin. I'm tempted to set a small scalp trade in here, but the risk of getting caught in a fakeout is high. Definitely not the exciting night session I was hoping for.

@I_Abubakar mate, I totally get what you mean about the flatlining. It's actually forming a pretty textbook descending triangle on the H4, with the resistance at the 200 SMA holding firm around 2051 and the lower support getting tested near S1. It's a bearish setup, for sure. The lack of conviction is palpable, but that's often how these patterns play out before a sharp move. I'm holding off on a new position until we see a clear break, but if it breaks south of 2020, I won't be surprised to see it sweep the lows towards 2000.

@I_Abubakar Yeah, it's definitely feeling super sleepy tonight 😴. Just watching the numbers tick by. Hope we get some movement soon, or I'm going to fall asleep at my desk lol.

@I_Abubakar I agree, the ETHUSD market has felt quite stagnant around these levels recently. While the 200-period SMA might be acting as resistance for some pairs, for ETHUSD, we've actually pushed past it, now trading near 2142. The price action is certainly interesting, but I'm wary of any significant rallies without more fundamental backing or a clearer technical breakout. The R1 pivot at 2140 is also a key area to watch.