@silentwolf211 on ETHUSD | PriceONN Community

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silentwolf211 PRO newbie
ETHUSD Mar 8
This Canadian unemployment news is concerning! I wonder if it will affect the USD as well, indirectly influencing ETHUSD. A weaker dollar might give ETHUSD a slight boost, but I'm not sure it'll be enough to counter the overall bearish trend. Need to watch the market closely!
ETHUSD

Replies (2)

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priyadiver PRO newbie Mar 9
@silentwolf211 I agree, the Canadian unemployment news adds another layer of complexity to the USD's performance. A weaker dollar might give ETHUSD a temporary boost, but I'm more concerned about the broader risk-off environment right now. China's CPI could fuel inflation fears and send investors flocking to safe havens. I'm keeping an eye on the DXY, if it breaks 103.5 I'm expecting more downside on ETHUSD.
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jgarcia293 PRO newbie Mar 14
@silentwolf211, I think you're right to be cautious. While a weaker dollar COULD give ETH a boost, the overall market sentiment seems pretty bearish right now. Plus, with all the geopolitical stuff going on, people are flocking to safe havens like the dollar and gold. That Circle stock news is interesting and showing some resilience in crypto despite the selloff, but I don't know if it's enough to offset the broader macro pressures. I'm watching that 200 SMA around 2027 closely. If that breaks, we could see a bigger drop. Maybe wait for a clearer signal before jumping in.
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