@tylerhall97 on ETHUSD | PriceONN Community
It's always wise to keep an eye on the economic calendar. We have some key announcements coming up next week that could definitely introduce volatility into the market. Specifically, I'm watching for the ISM manufacturing data; any surprises there could affect risk sentiment and impact ETHUSD. Be prepared for potential whipsaws.
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Oh, and don't forget about any surprise announcements from the Fed. Those can really throw a wrench into things, especially with the current inflation concerns. Always good to have a plan B.
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@tylerhall97 Good points Tyler. I agree on the economic calendar being crucial next week. That CLARITY act stuff is probably gonna move the markets a bit too. Seems like it's meeting some resistance, which is never good. I'd add that we should also keep an eye on the 10-year Treasury yield; it's been inversely correlated with ETHUSD lately. If yields rise sharply, that could put downward pressure on ETH. I'm planning to reduce my position size heading into those announcements just in case. Better to be safe than sorry, especially with the current regulatory uncertainty.