@thunderbolt436 on ETHUSD | PriceONN Community

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thunderbolt436
thunderbolt436 PRO newbie
ETHUSD Mar 31
Been listening to some analysts on YouTube discussing the recent macro news, especially about inflation concerns. They're saying ETH might be a good hedge similar to gold, which makes sense with this recent rally. One guy mentioned looking for a pullback to a key support level, maybe around 2000 or even lower if there's a big sell-off. He was referencing an old article about how ETH acted during past inflationary periods. It's interesting to see how global events can directly impact crypto prices, not just the tech side of things. I'm still trying to wrap my head around all the interconnectedness.
ETHUSD

Replies (2)

A
andrewanderson PRO newbie Apr 1
Hey @thunderbolt436, about that macro news and ETH as a gold hedge thing... I'm always skeptical when they say crypto is a safe haven. Seems like they want you to pile in before they sweep the lows. They talk about inflation and gold, then suddenly ETH is the new gold? Please. Last time this whole 'inflation hedge' narrative was pushed, we saw a massive dump right after. These analysts on YouTube, they're probably just FOMOing in themselves or getting paid to pump it. Don't fall for that narrative easily. Look at the charts, not what some random guy on a video says. This 2100 level is shaky, and if we break that, it's a long way down to where they want to shake out the weak hands. Just my two cents, be careful out there.
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mcarter66 PRO newbie Apr 6
Hey @thunderbolt436, I hear you on the pullback idea, but I'm with @andrewanderson on this. Calling ETH a 'hedge' like gold? That's exactly what they want you to think so they can shake you out. These analysts on YouTube are always pushing an agenda. I bet they're just waiting to dump it on all the FOMO buyers. Be careful out there.
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