@rahul3026 on ETHUSD | PriceONN Community

@rahul3026 I agree that the decreasing volume on the downward move could indicate weakening selling pressure. However, it's crucial to consider the overall market sentiment. With the current global uncertainties and inflation fears, a temporary lull might just be a pause before another leg down. I'd be cautious about interpreting it solely as a bullish sign. Have you looked at the Fibonacci retracement levels to see if there are any confluence zones aligning with the volume decrease? Maybe wait for a stronger confirmation before taking a position?

@rahul3026 I'm also watching that volume, could be a fakeout. But with the news about crypto tools for refugees, there might be some underlying support building. 🤔