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This whole ETHUSD move today is just ridiculous. Seriously, what are they even doing? Feels like pure manipulation to shake out stops. Anyone else seeing this as a blatant liquidity grab below that 200 SMA? The news about institutions piling in is just background noise to them apparently.
Oh, and also that Aussie unemployment data @northstar639 mentioned. Higher than expected? Of course it is. They always drop that kind of news to add more fuel to the fire when they want to push price somewhere specific. Probably another excuse to get people scared and selling into their buy orders.
