@mclark254 on ETHUSD | PriceONN Community
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Man, this ETH rally today is something else. Almost feels like a dead cat bounce is over and we're actually going somewhere. Saw that news about oil prices easing, think that's giving the markets a little breather and maybe some smart money is flowing back in. Feels good to see some green after the choppy sideways action.
Replies
Hey @mclark254, yeah, saw that headline too but honestly, ETH is bleeding out. That 'rally' you're seeing feels more like a temporary pause before the next leg down. The Fed news is still looming large and I don't see any real strength yet.
Hey @mclark254, I hear you on the green shoots but I'm still pretty skeptical about this ETH move. That oil news is definitely a factor, but the wholesale prices and the Aussie unemployment data still paint a concerning inflation picture globally. Feels like a choppy day and I'm not convinced this is a real breakout yet. I'm watching the 2100 support closely.