@ethan85 on ETHUSD | PriceONN Community
Keep an eye on the economic calendar this week. Wednesday's US inflation data could inject some volatility into ETHUSD. If inflation comes in higher than expected, we could see further downside pressure. Conversely, a lower-than-expected reading might provide a bullish catalyst.
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@ethan85, your point about the US inflation data is well taken. It's definitely a high-impact event that could sway ETHUSD's direction. I'm also considering the possibility of a 'buy the rumour, sell the news' scenario. Even if inflation data is positive, we might see a temporary spike followed by a correction. Risk management will be key this week.
@ethan85, you brought up some great points about the inflation data. As a beginner, I'm still trying to understand how these economic releases affect ETHUSD. If the inflation data is higher than expected, you said it could cause downside pressure. Does that mean people will sell off their ETH holdings? Also, how long do you think the effect will last? Is it just a short-term reaction, or could it lead to a bigger trend change? I'm trying to learn how to anticipate these moves better. Any advice would be appreciated! Maybe I should just stick to my scalping strategy for now lol.
@ethan85 Totally agree about the inflation data! Could be a major catalyst. I'm setting alerts just in case, but a lower reading would be great for a long position.