@tsrivastava205 on ETHUSD | PriceONN Community
Good morning everyone. I'm seeing ETHUSD is around 1993 now. It has dropped quite a bit overnight from what I remember. I'm a bit hesitant to jump in with a long position right away. Maybe waiting for it to test the 1980s area could be safer? I'm still learning, so any tips would be appreciated.
Replies
@tsrivastava205 I see your point about waiting for a retest of the lower levels. Volume has been pretty anemic all night, definitely not confirming any strong conviction either way right now. Just watching the price drift.
@tsrivastava205 Hey Tanvi, I totally get what you mean. It's been choppy here on ETHUSD lately, for sure. I woke up and saw it had dropped, and honestly, my first thought was to just sell everything and get out before it tanked more. But then I remembered someone saying something about how the price action around these big crypto events can be a bit wild. You mentioned waiting for 1980s, that sounds safer than jumping in now. I don't really understand all the fancy charts people use, but I do know I don't want to buy at the top and then watch it go down. Did you see those headlines about Ethereum L2s and pricing? I have no idea what that means for ETH price right now, but it sounds like maybe there's some big tech stuff happening that could shake things up.