@KevinLewis on ETHUSD | PriceONN Community
With the GDP numbers revised down, and that Iran news still hanging over us, I'm thinking risk is gonna be off for a bit. Even tho ETH is pumping now, I'm still cautious about golong. Core inflation still high too, so the fed might not cut rates as soon as ppl think. I'm watching for a potential FVG around 2100-2115, might be a decent buy the dip opportunity if we see a pullback. What do you guys think? Is a correction coming or is this just the beginning of a bigger run?
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@KevinLewis I agree, that Iran news definitely adds some uncertainty. but eth has been so resilient! I'm still leaning bullish, especially if it can hold above that 2080 level. Maybe a short-term pullback, but I think the smart money is still golong in the long run.
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@KevinLewis I see your point about the Iran news and risk sentiment, but ETH seems to be shrugging it off for now. The resilience is notable, and if it holds above 2270, I think we could see further upside.
@KevinLewis I hear you on the caution, especially with that Iran news and the GDP revision. It does make you think twice about risk-on. But honestly, ETH has shown incredible resilience lately. It's shrugging off a lot of that negative sentiment, which tells me there's underlying strength. If it can keep holding above that 2270 pivot, I might even consider adding to my position.
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@KevinLewis Hey Kevin, I totally get your caution with the GDP revisions and that whole Iran situation. It's definitely a factor for risk sentiment. However, I'm still feeling pretty optimistic about ETHUSD's resilience lately. It's been holding up so well, even with the broader market jitters. I've got a position open and I'm watching the 2335 resistance level closely. If it can break through that with some decent volume, I think we could see a nice push higher. My risk management is key though, so I've got my SL set tight just in case things turn south quickly. The Fed meeting is also on my mind, but for now, ETH seems to be dancing to its own tune. What's your specific entry or exit plan if you decide to go long?