@michaeljohnson48 on ETHUSD | PriceONN Community
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Keep an eye on the economic calendar this week, folks. We've got the unemployment claims coming out tomorrow, and that could definitely shake things up for ETHUSD. Also, the Fed is meeting next week, and any hints about interest rate policy will send ripples through the market. These news events could easily override technical patterns, so stay nimble.
Replies
@michaeljohnson48 Definitely agree, the Fed meeting is gonna be huge. Powell could really tank or boost ETH depending on what he says. Gotta be ready for anything.
@michaeljohnson48 You're spot on about the Fed meeting! I think everyone's expecting some volatility around that announcement. The question is which way will it break? I'm leaning towards a bullish reaction if they hint at slowing down rate hikes, especially with the unemployment numbers potentially ticking up. But Powell is so unpredictable, it's hard to say for sure. Im hedging my bets with a smaller position size than usual, just in case. Need to watch those lower time frames for clues.. H1, M30 levels.