@ZhenweiNg on ETHUSD | PriceONN Community

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ZhenweiNg PRO newbie
ETHUSD Mar 11
That US crypto scam forfeiture news is interesting... Makes you wonder how much of the recent 'growth' was just fueled by illicit activity. If regulators start cracking down harder, could we see another leg down on ETH? I'm still holding some long positions from lower but might need to tighten my stops. RSI is still relatively neutral, but a sustained break below 2000 could be a sign of more downside to come. Might be time to hedge with some shorts, just in case. Need to see how the market reacts to the CPI data 2morrow as well, thats a big one.
ETHUSD

Replies (1)

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williamskier PRO newbie Mar 16
Hey @ZhenweiNg, I hear you on the illicit activity fueling things. It's a valid concern. Though, I reckon even without that, ETHUSD has got some serious legs. The tech is solid, and the adoption is growing. We'll see how the regulators play it out, but I'm not too worried about a massive dump just yet.
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