@samanthaharris11 on ETHUSD | PriceONN Community
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I'm still trying to understand volume, especially with ETHUSD right now. It seems like the price is dipping a little, but the volume bars don't look super heavy on the way down. Is this a sign that sellers aren't fully committed, or could it just be lower trading activity during this part of the US session? I'm trying to figure out if this current dip is just a minor pullback or if it signals a bigger move is coming. Some of the news about those OneCoin victims getting compensation has me thinking about how much money can flow back into the crypto space, but then I see these price movements and I get a bit nervous, honestly. It's hard to tell if the volume is confirming the bearish sentiment or if it's just noise before a potential bounce.
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Hey @samanthaharris11, I've been watching the volume too and it's pretty confusing. It feels like the price is trying to go up, especially with that Bitcoin rally we've been hearing about, but the volume just isn't confirming it. I think you're right, it might be a sign that the big players aren't really pushing it higher yet. Remember how sometimes the price can fake you out with low volume? I'm also seeing ETHUSD sitting right around that 2400 level, which looks like some kind of resistance from the charts I've seen. If it can't break through that convincingly, we might see a pullback, not a continuation of this bullish move. The RSI is kinda high too, around 60, which normally means it’s getting a bit overextended. So yeah, I’m not convinced this is a solid upward move yet.